Hong Kong’s Hang Seng Index had its worst day since 1997, wiping out all of its gains for the year. Read more at straitstimes.com. Read more at straitstimes.com.

cross-posted from: https://mander.xyz/post/50159203

Chinese shares plunged and sovereign yields neared an all-time low as investors braced themselves for the fall-out from a spiraling trade conflict between the world’s two largest economies.

…

Beijing has tried to limit the damage: officials are discussing frontloading potential stimulus to offset the impact of tariffs and a state-backed fund said it had increased its investments in exchange-traded funds to stabilise the market – but so far, investors are focusing on the potential for economic disaster.

…