Hong Kong stocks dropped by the most in nearly two months on Friday after US President Donald Trump said he would double the tariff on Chinese imports, escalating the trade war with Beijing and raising the risk of slowdowns in the world’s two largest economies.The Hang Seng Index slumped 2.2 per cent to 23,195.63 as of 11.17am local time, heading for its most substantial drop since January 2. The decline trimmed the month’s gains to 15 per cent. The Hang Seng Tech Index slumped 3.8 per cent. On… Hong Kong stocks dropped by the most in nearly two months on Friday after US President Donald Trump said he would double the tariff on Chinese imports, escalating the trade war with Beijing and raising the risk of slowdowns in the world’s two largest economies.The Hang Seng Index slumped 2.2 per cent to 23,195.63 as of 11.17am local time, heading for its most substantial drop since January 2. The decline trimmed the month’s gains to 15 per cent. The Hang Seng Tech Index slumped 3.8 per cent. On… Read More South China Morning Post
