Hong Kong stocks fall following a rebound as US tariffs on China loom large

The Hang Seng Index slumped 3.1 per cent to 19,494.92 when the market opened, the lowest level since mid-January.

The Hang Seng Tech Index plunged 4.3 per cent. On the mainland, the CSI 300 Index, which tracks the 300 largest stocks in Shanghai and Shenzhen, slipped 1.



2 per cent. Other major Asia-Pacific markets weakened: Japan’s Nikkei 225 Index fell 3 per cent, South Korea’s Kospi slid 1.1 per cent and Australia’s S&P/ASX 200 retreated 1.

5 per cent. Trump threatened to apply an additional 50 per cent tariff on Chinese imports, pushing the total levy on many imports from China up to 104 per cent, amid an escalating global trade war..