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Chinese, Hong Kong Stocks Dive on Trump Tariffs Threat


Monday, 6 May 2019 14:54 WIB

SahamChinaIndeks Shanghai Composite


c_740_198_16777215_00_images_assets_CHINA_0Chinastocks.jpg

Shanghai stocks suffered their worst day in more than three years on Monday after US President Donald Trump said he would raise tariffs on imports from China at the end of this week, dealing a blow to hopes of an imminent end to their trade war.

The benchmark Shanghai Composite Index sank 5.58 percent, or 171.88 points, to 2,906.46, while the Shenzhen Composite Index, which tracks China's second exchange, plummeted 7.38 percent, or 120.79 points, to 1,515.80.

Shanghai's decline was the worst in a single day since late February 2016.

In Hong Kong, the Hang Seng Index plunged 3.03 percent, or 912.43 points, to 29,169.12 in the afternoon.

Source : AFP


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