Hong Kong: Stocks tumble as US bill fuels economy fears

The White House has not threatened to veto the measure and Mr Trump is expected to sign it, according to a source familiar with the matter.The move comes just as US and Chinese negotiators try to put the finishing touches to a much-vaunted mini trade deal that is seen as the first part of a wider agreement. Markets had been rallying in recent weeks on optimism it will be signed off soon.

Its unique position has allowed the city to act as a conduit between China and the rest of the world, making it a major trading and financial hub. Stocks were down across the board in Hong Kong, with property firms again taking a hiding, having suffered hefty selling in recent weeks owing to the impact of months of violent protests.

Tech firms were weighed by worries about the trade talks, with Sunny Optical plunging more than three per cent and AAC technologies off two per cent.

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