Hong KONG /XIANGGANG/, may 14. /TASS/. A significant drop in stock price occurred on Tuesday morning on the Hong Kong stock exchange on the background of aggravation of the trade war, the United States and China. The Hang Seng index fell by 599 points (2.1 percent), to mark 27951, according to data this site. On Monday it was closed due to the holiday.
Negative dynamics is observed across the spectrum of shares. Strong losses are a high-tech company, whose interests are connected with the American market. 3.8% worsened the position of developer lens for smartphone Sunny Optical Technology. Decreased by 4.7% capitalization holding AAC Technologies, a supplier of components for Apple.
Negative dynamics again covered and the stock exchange of mainland China. The major indexes trading platforms of Shanghai and Shenzhen with the opening of the morning session, lost more than 1%.
China announced on Monday that from June 1 to impose duties in respect of more than 5 thousand commodity items from USA for a total of $60 billion, These measures are taken in response to the increase on may 10, the U.S. government duties on Chinese products worth $200 billion with 10% to 25%. The aggravation of the trade war pulled down the stock markets both in China and in the United States.
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