Hong Kong Stocks Fall As Regional Markets Slump

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2018-03-14 HKT 10:36

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  • Investors fear the new US state secretary will back a trade war. File photo: RTHK

    Investors fear the new US state secretary will back a trade war. File photo: RTHK

Hong Kong stocks tumbled more than 1 percent on Wednesday morning with traders jolted by news Donald Trump had sacked his moderate secretary of state, fuelling concerns of a more hardline US foreign policy.

The Hang Seng Index fell 1.3 percent, to 31,206 by the break.

On the mainland, the Shanghai Composite Index lost 0.6 percent, to 3,291, while the Shenzhen Composite Index gave up 0.5 percent, to 1,885.

Most Asian shares fell, taking their cue from a dip on Wall Street as concern over tariff hikes announced by Trump was weighing on sentiment.

Japan's benchmark Nikkei 225 lost 0.9 percent in to 21,771 while Australian market dipped 0.6 percent to 5,936.

South Korea's Kospi fell 0.4 percent while most markets in Southeast Asia was down. (AFP)

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Last updated: 2018-03-14 HKT 13:26