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Hong Kong Smund-Time Investors left Monday while identifying tariff tariffs and Beijing saw stock market in town stock suffering the worst day of around three decades.
Benchmark Hang Seng Index fell by 13.2 percent – the largest drop since 1997 during Asian financial crisis – as a wider Asian markets.
In a Securities Brokerage in Hong Kong’s financial district, where more than a dozen older investors focuses on flashes red on computer screens, the mood is severely.
A woman of her ninety named Tam said “Trump” hated “.
“He spends me HK $ 200,000 ($ 25,700),” he said.
“He was convicted, he said something and changed his mind a few minutes ago … How can a man such a noble position act like that?”
None of the Hang Seng Indexes in 83 Constituent stocks escaped Monday Monday.
Among the largest defeats was Lenovo Group, who fell 23 percent, and Alibaba Group, at 18 percent.
“(Trump) It is not allowed to go, he has a mess,” said another retired named Lee.
“Everything around me has lost money.”
China’s financial hub continues to sale on Monday after three days of rest, which worsens the draw, according to Stanley Chik, research leader in bright smart securities.
“For Hong Kong equities, lumber losses are rare,” Cik told the AFP how the US reacted.
Hong Kong stock market heals the United States since Trump has taken office, but the Lunes route is dismissed by HSI obtained from the first quarter of this year.
Investors waiting for the city – and look at the way for many weeks because Trump has finished his trading policies, Chik said, adding that the situation is not yet “despair”.
Hong Kong mainly in the world involvement in investment investments, with a 2023 survey showing 48 percent of respondents held or sold respondents last year.
A 35-year-old man celebrated that Tsang said his long investment was lost around $ 12,900 on Monday, but he didn’t think about selling.
“I didn’t expect it to be bad,” says Tsang, an employee of the Hong Kong company bank.
China A-Share can be more vigorous, he added.
“In this kind of fight (between China and the United States), it is difficult to say who will suffer more.”
The lawyer Ray Chan, 30, one left unresponsive on Monday, while he sold all his Hong Kong and US share in two weeks ago, Netting was obtained in seven numbers.
“It’s clear that we go into a bear market but I’m ready,” Chan told AFP.
“If (Trump) said there are tariffs on April 2, I can imagine where things are going.”
It will come “at least one year” before he returns to the market, says Chan.
This story originally shown Fortune.com
