Hong KONG /XIANGGANG/, August 26. /TASS/. New week on the Hong Kong stock exchange opened on Monday a major drop in prices on the background of escalating trade wars of the United States with China and regular protests in the city. The Hang Seng index declined by 857 points (3,27%), to the value 25322, according to data this site.
This is the largest decline at the opening of trading in Hong Kong over the past few months. In the negative zone were all, without exception, the key blue chips.
By 6.36% cheaper securities holding AAC Technologies — supplier of components for Apple. By 7.38% deteriorated position in China’s largest developer of lenses for smartphone Sunny Optical Technology.
Large losses are the owners of assets associated with real estate, tourism and retail trade in Hong Kong. Over the weekend the city is gripped by another anti-government protests accompanied by riots and clashes with police. Police for the first time in the last 10 days used tear gas and water cannons to disperse the radicals.
In addition, the pressure on the market has escalation of a trade war between Washington and Beijing.
Read more •••