Hong Kong stocks end 13.22% down, worst since 1997 Asian financial crisis

[HONG KONG] Shares in Hong Kong plummeted more than 13 per cent Monday (Apr 7) on their worst day in almost three decades as China’s retaliation against Donald Trump’s tariffs ramped up a trade war and fuelled recession fears.

The Hang Seng Index ended down 13.22 per cent, or 3,021.51 points, to 19,828.30 – its heftiest drop since 1997 during the Asian financial crisis – while the Shanghai Composite Index shed 7.34 per cent, or 245.43 points, to 3,096.58. AFP