Hong Kong, April 7, 2025 (AFP) - Hong Kong, Shanghai stocks collapse on trade war fears

NAMPA / AFP

2025-04-07

Stocks plunged more than nine percent in Hong Kong on Monday after China imposed stiff tariffs on the United States in retaliation to Donald Trump's sweeping measures, fanning fears of a painful trade war. The Hang Seng Index dropped 9.28 percent, or 2,119.76 points, to 20,730.05, while in mainland China the Shanghai Composite Index shed 4.21 percent, or 140.84 points, to 3,201.17. dan/tym ...

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