Tariff War Sparks Hong Kong Stocks’ Worst Implosion Since 1997
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For stock traders in Hong Kong, Monday’s mayhem was one for the history books.
As the global market meltdown worsened on Monday, the tumult in Hong Kong stood out. The city’s benchmark Hang Seng Index plunged 13%, the most since 1997, with the session concluding with the highest equity turnover ever amid what was described as “indiscriminate selling.”