Hong Kong stocks fall for fourth day as Trump tariffs stoke trade tensions

The Hang Seng Index fell 0.7 per cent at 23,623.55 at the local noon trading break on Wednesday, after rising earlier by as much as 0.8 per cent. The Hang Seng Tech Index swung between gains and losses before losing 0.1 per cent at the breather. The Shanghai Composite Index dropped 0.1 per cent.

PC maker Lenovo Group retreated 5 per cent to HK$11.90 while developer Wharf Reic slumped 3.1 per cent to HK$19.82 and e-commerce platform operator JD.com lost 1.8 per cent to HK$157.20.

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Trump says tariffs on Chinese imports will double to 20% and take effect on March 4

Trump says tariffs on Chinese imports will double to 20% and take effect on March 4

The Hang Seng Index has weakened 3 per cent in its four-day losing streak, the longest stretch in two months. Sell-offs in the US and Australian markets have deepened losses in some key stock indices to almost 10 per cent, taking them closer to a technical correction.