0856 GMT - Hong Kong shares sank as the global trade war escalated. Markets are bracing for an accelerated decoupling of the world's two largest economies following China's tit-for-tat tariffs on the U.S. on Friday. The city's benchmark Hang Seng Index ended 13.2% lower at 19828.30, its steepest one-day percentage drop since the 1997 Asian financial crisis. The session's declines following a holiday-shortened week erased the HSI's gains year to date, taking the index into the red for 2025. The Hang Seng Tech Index slid 17.2%, with Xiaomi skidding 20.6% and Lenovo Group diving 22.9%. Tech giants Tencent and Alibaba tumbled 12.5% and 18.0%, respectively. Pharmaceutical stocks were also in freefall, with BeiGene slumping 22.8% and WuXi AppTec dropping 20.5%. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
April 07, 2025 04:57 ET (08:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。