HONG KONG: Hong Kong stocks closed slightly lower on Tuesday, as U.S. President Donald Trump's surprise tariffs on imports from Brazil and Argentina rekindled fears of global trade tensions.
The Hang Seng index ended down 0.2% at 26,391.30, while the China Enterprises Index lost 0.1% to 10,355.92.
In an early morning tweet, Trump said the tariffs,"effective immediately," were necessary because "Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers."
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