Hong Kong, Shanghai stocks tumble by break

Exchange Square in Hong Kong with bull statue.
Exchange Square in Hong Kong with bull statue.

Hong Kong - Shares dived in Hong Kong and Shanghai on Tuesday as investors fret over a possible trade war between the US and China after Donald Trump threatened fresh sanctions, sparking warnings of retaliatory measures by Beijing.

The Hang Seng Index sank 2.18%, or 659.44 points, to 29 650.05.

And the benchmark Shanghai Composite Index plunged 2.97%, or 89.82 points, to 2 932.08, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 4.35%, or 73.55 points, to 1 618.10.

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