Hong Kong Market falls as trade fears

Hong Kong share market closed session lower on Tuesday, 26 June 2018, as risk aversion selloff triggered on following the slump on the Wall Street overnight and escalating trade friction between the United States and other major economies. Investors were scared that there will be more tariffs that would hurt China's consumption and trade markets. The benchmark index opened down 80 points to 28,881 and widen it losses to 456 points at one stage to an intra-day low of 28,505 before recovering most of the losses. The Hang Seng Index ended down 79 points or 0.3% to 28,881. The H-share index fell 90 points or 0.8% to 11,118. Turnover increased to HK$124.8 billion from HK$107.3 billion on Monday.

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