China and Hong Kong stocks tumble on Trump's tariff threats
Hong Kong stocks weakened on Wednesday after U.S. President Donald Trump hinted at potential new tariffs on Chinese imports, ending a brief reprieve for the markets.
The blue-chip CSEI 300 Index declined 1.1% in early trade, the biggest retreat in nearly two weeks, and the Shanghai Composite Index lost 0.9%.
Hong Kong's benchmark Hang Seng Index lost 1.5%, pulling back from a one-month high.
Sentiment took a hit after Trump said on Tuesday that his administration was still considering a 10% punitive duty on Chinese imports due to fentanyl issues.
That put an end to the short-lived relief in Tuesday's Asian trading hours after Trump held off announcing any China-specific tariffs on his first day back in office.
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