Hong Kong stock market sees losses as global markets fall on trade war fears.

From Nasdaq.: 2025-02-03 20:04:07

The Hong Kong stock market ended a three-day winning streak, with the Hang Seng Index closing just above 20,215 points on Monday. Global markets are down due to concerns over tariffs impacting interest rates. Alibaba Group surged 6.46%, but Galaxy Entertainment plummeted 5.86%. The Dow fell 0.28%, NASDAQ dropped 1.20%, and S&P 500 sank 0.76%. Trump imposed tariffs on imports from Canada, Mexico, and China, sparking fears of a global trade war. Oil futures rose to $73.16 a barrel. Investors worry about earnings, growth, and inflation due to potential trade conflicts.



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