Pedestrians walking past an electronic sign board showing the closing price of the Heng Seng Index in Hong Kong on April 7, 2025. - AFP
HONG KONG: Hong Kong small-time investors were left reeling on Monday (April 7) as US President Donald Trump's punishing tariffs and Beijing's retaliation saw the city's stock market suffer its worst day in almost three decades.
The benchmark Hang Seng Index fell by 13.2 per cent -- its biggest drop since 1997 during the Asian financial crisis -- as a wider selloff played out across in Asian markets also spurred by China's retaliatory levies.
