Shares in Hong Kong plummeted more than 13 percent Monday on their worst day in almost three decades as China’s retaliation against Donald Trump’s tariffs ramped up a trade war and fuelled recession fears.
The Hang Seng Index ended down 13.22 percent, or 3,021.51 points, to 19,828.30 — its heftiest drop since 1997 during the Asian financial crisis — while the Shanghai Composite Index shed 7.34 percent, or 245.43 points, to 3,096.58.
