Hong Kong, China stocks dive at open on trade war fears

HONG KONG: Hong Kong and mainland Chinese stocks plunged at open Friday on growing fears of a global trade war after Donald Trump imposed billions of dollars of tariffs on Chinese imports and Beijing drew up a list of retaliatory measures.

The Hang Seng Index plunged 3.67 percent, or 1,140.82 points, to 29,930.23, while the benchmark Shanghai Composite Index fell 2.78 percent, or 90.71 points, to 3,172.77 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 3.09 percent, or 57.22 points, to 1,792.38.