Hong Kong, China stocks tank as Beijing closes US consulate in Chengdu, the ‘last straw’ for spooked investors
Jul24

Hong Kong, China stocks tank as Beijing closes US consulate in Chengdu, the ‘last straw’ for spooked investors

Hong Kong and mainland stocks tanked after Beijing ordered the US to close its consulate in Chengdu, a retaliatory move that added to escalating US-China tensions and became what one analyst called the “last straw” for spooked investors. On the mainland, where stocks have been soaring of late, the sell-off on Friday was fierce. The CSI 300 of large caps in Shanghai and Shenzhen plummeted 4.4 per cent, the Shanghai Composite Index fell...

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