Money - International
Hong Kong, Shanghai stocks sink as China hikes tariffs
Floor traders work during afternoon trading at the Hong Kong Stock Exchange in a picture released August 5, 2014. Hong Kong is rushing to launch an initiative to allow global investors trade Chinese stocks from the city for the first time. u00e2u20acu201d Reuters pic

HONG KONG, May 14 — Shares in Hong Kong sank today, in line with a sell-off across Asia and following a hammering on Wall Street as China’s retaliation against US tariff hikes fanned fears of an all-out trade war between the economic titans.

The Hang Seng Index fell 1.50 per cent, or 428.22 points, to 28,122.02.

The benchmark Shanghai Composite Index lost 0.69 per cent, or 20.10 points, to 2,883.61 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, fell 0.62 per cent, or 9.68 points, to 1,542.07. — AFP

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