Trump tariff threat triggers Hong Kong market plunge, Hang Seng Index extends losses

13th October 2025 - (Hong Kong) Hong Kong's financial markets opened the week under major pressure, with the benchmark Hang Seng Index tumbling sharply in response to escalating trade tensions between the United States and China. The index fell 656 points, or 2.49%, at Monday's opening bell, settling at 25,634 points and marking its sixth consecutive day of decline. The sell-off was broad-based, with the Hang Seng Tech Index and the Hang Seng China Enterprises Index also dropping 2.43% and 2.38% respectively.
The downward momentum was largely driven by renewed fears of a full-scale trade war, following US President Donald Trump's threat to impose 100% tariffs on Chinese imports starting next month. This geopolitical uncertainty sent investors scrambling, with technology and financial stocks bearing the brunt of the selling pressure.
Major tech giants saw substantial declines. Tencent Holdings fell 3.3%, Alibaba Group dropped 3.8%, and Meituan declined 3.1%. The financial sector also experienced notable losses, with HSBC down 2.4%, AIA Group falling 3.4%, and Hong Kong Exchanges and Clearing dropping 3.5%.

Sumber : dimsumdaily.hk