Hong Kong stocks fell over 3% on Friday to close the week in the red after Washington doubled the tariffs on Chinese imports.
The Hang Seng Index slumped 3.28%, or 776.97 points, at 22,941.32. The Hang Seng China Enterprises Index plunged 3.63%, or 317.15 points, at 8,417.43.
Investor sentiment soured after US President Donald Trump said he plans to impose an extra 10% tax on goods imported from China effective next week, Bloomberg News reported.
Along with an initial 10% duty on Chinese goods imposed earlier this month, the added levies are further pushing the world's two largest economies closer to a trade war.
In response, Beijing said, "If the US insists on proceeding with this course of action, China will take all necessary countermeasures to safeguard its legitimate rights and interests."
Hong Kong's technology stocks, which took a hit Thursday after Nvidia's underwhelming earnings and soft outlook, descended for a second straight day.
Meituan (HKG:3690) and Alibaba (HKG:9988) each dropped 6%, while Tencent (HKG:0700) and Xiaomi (HKG:1810) retreated 3% and 2%, respectively.
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