Hang Seng Index drops on US-China trade concerns; Tencent, WH Group and Sunny Optical fall
- Pick Chinese consumer, internet and 5G stocks in 2020, UBS says
- Sa Sa International falls 3.7 per cent after reporting retail sales in Hong Kong, Macau declined 19.4 per cent in first half
Good day, traders --
Hong Kong and China stocks fell on expectations that US President Donald Trump will sign legislation supporting the city's protesters. Beijing warned that it would take "strong countermeans ... if the US insists on making the wrong decisions" on the legislation. This sets up a likely collision course that could upset the phase one trade deal that is in the works.
Check out the day's action below.
-- Deb Price and Georgina Lee in Hong Kong