Hong Kong’s stock market has entered bear territory as the sell-off across developing economies and the intensifying trade war between the US and China unsettle investors.
The Hang Seng index was down more than 20 per cent from its January high at Tuesday’s trading close, as the US prepared to announce its next round of tariffs on a proposed $200bn of Chinese goods.
The index’s fall comes as Chinese stocks continue to be hit by mounting global trade tension and the sell-off in emerging markets, which has roiled Turkey and Argentina this year.
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