[SHANGHAI] China stocks continued to slide on Thursday, after US President Donald Trump vowed not to back down on imposing new tariffs on Chinese imports, but there was no panic selling, with Monday's over 5 per cent plunge largely pricing in the penalty. Hong Kong shares also declined.
China's blue-chip CSI300 index fell 1.9 per cent, to 3,597.59 at the end of the morning session, while the Shanghai Composite Index lost 1.4 per cent to 2,854.71. "This sudden shift highlights the continued threat that US protectionism poses to the global economy despite the recent lull in aggressive action from the Trump," Nomura said in a note.
The smaller Shenzhen index was down 1.03 per cent and the start-up board ChiNext Composite index was weaker by 0.64 per cent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong: Stocks end 2.90% down after Trump tariffs threat[HONG KONG] Hong Kong stocks plunged almost three per cent Monday after Donald Trump threatened to hike tariffs on hundreds of billions of dollars worth of Chinese goods at the end of the week. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Chinese, Hong Kong stocks dive on Trump tariffs threatSHANGHAI: China's key stock indices plunged more 5 per cent on Monday (May 6) after US President Donald Trump threatened to hike tariffs on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hong Kong, Shanghai: Stocks plunge at open on trade war fears[HONG KONG] Hong Kong stocks tumbled in the first few minutes of trade Monday after Donald Trump warned he would hike tariffs on hundreds of billions of dollars' worth of Chinese goods at the end of the week. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hong Kong: Stocks close with strong gains[HONG KONG] Hong Kong shares ended with healthy gains Thursday, boosted by hopes for China-US trade talks, with tech firms enjoying a much-needed rally after big losses earlier in the week. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hong Kong: Stocks open with losses on Friday[HONG KONG] Hong Kong stocks opened lower on Friday morning following a negative lead from Wall Street, with energy firms weighed by a plunge in oil prices. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hong Kong: Stocks finish week with gains[HONG KONG] Hong Kong stocks rose Friday, reversing early losses to extend the previous day's gains ahead of the release of US jobs data, though energy firms were hit by plunging oil prices. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »