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Hong Kong, Shanghai stocks sink as China hikes tariffs

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AFP Hong Kong
Last Updated : May 14 2019 | 2:06 PM IST

Shares in Hong Kong sank Tuesday, in line with a sell-off across Asia and following a hammering on Wall Street as China's retaliation against US tariff hikes fanned fears of an all-out trade war between the economic titans.

The Hang Seng Index fell 1.50 percent, or 428.22 points, to 28,122.02.

The benchmark Shanghai Composite Index lost 0.69 percent, or 20.10 points, to 2,883.61 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 0.62 percent, or 9.68 points, to 1,542.07.

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First Published: May 14 2019 | 2:05 PM IST

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