HONG KONG: 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 604.47 points, to 26,961.23 in opening trade.
The benchmark Shanghai Composite Index opened 1.63 percent, or 47.43 points lower, at 2,861.33. The Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 2.18 percent, or 34.10 points, to open at 1,528.97.
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