According to the Hong Kong Stock Exchange, the main Hang Seng index lost 1.05% at the opening of trading and fell to 23,893.63 points. The decline was also recorded in other indicators: the Hang Seng China Enterprises index, reflecting the dynamics of mainland Chinese stocks, decreased by 1.12%, and the Hang Seng Tech index — by 1.68%. Investors reacted cautiously to Trump's statement that there would be no more postponements on duties.
On Tuesday, the market showed short-term growth after reports of the postponement of the introduction of duties on August 1. However, Trump's new harsh rhetoric quickly changed the mood at the auction. According to analysts, the concern of market participants is increasing due to the risk of a new round of trade confrontation between the United States and China.
Since the beginning of April, Trump has been actively promoting a policy of duties: universal tariffs of 10% have been introduced, as well as individual measures against a number of countries. China, as one of the main trading partners of the United States, has once again become one of the countries to which new trade measures may be directed, which increases instability on regional stock exchanges.
