Hong Kong Stocks Drop Sharply At Open
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2019-08-02 HKT 11:05
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Hong Kong stocks dropped sharply at the open on Friday, tracking losses on Wall Street after US President Donald Trump's announcement of new tariffs on China sent global markets plummeting.
The Hang Seng Index dropped 2.19 percent, or 604 points, to 26,961 in opening trade.
The benchmark Shanghai Composite Index opened 1.63 percent, or 47 points lower, at 2,861. The Shenzhen Composite Index, which tracks stocks on the mainland's second exchange, lost 2.18 percent, or 34 points, to open at 1,528. (AFP)
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