Hong Kong stocks sank at the open of trade on Tuesday

Hong Kong stocks sank at the open of trade on Tuesday as investors returned from a long weekend to fresh concerns about a China-US trade war after the two sides unveiled tit-for-tat tariffs on billions of dollars worth of goods.

The Hang Seng Index shed 1.02 percent, or 310.40 points, to 29,999.01, reports BSS.

And the benchmark Shanghai Composite Index tumbled 1.30 percent, or 39.25 points, to 2,982.65, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, dived 1.63 percent, or 27.60 points, to 1,664.05.

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