Yangshan Deep-Water Port, an automated cargo wharf, in Shanghai. Washington caught Beijing off guard on Tuesday and announced it will proceed to impose tariffs on US$50 billion worth of Chinese exports, spooking investors in the world’s second largest equity market. Photo: AFP

85pc of China stocks fall as Trump’s surprise swerve on US tariffs spooks investors

Shanghai Composite Index falls 2.5pc, shares in Hong Kong drop 1.4pc per cent, joining a global equity sell-off, as the political turmoil in Italy also ruffled global markets. Hang Seng briefly falls below 30,000 in morning trade

Topic |   Hong Kong Stock Exchange

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Yangshan Deep-Water Port, an automated cargo wharf, in Shanghai. Washington caught Beijing off guard on Tuesday and announced it will proceed to impose tariffs on US$50 billion worth of Chinese exports, spooking investors in the world’s second largest equity market. Photo: AFP
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