News

Markets & Investing

Gerv Tacadena

, Hong Kong

Published:

8 years ago

Hong Kong shares fall as market reopens to US policy concerns

Hang Seng index dropped 0.2%.

According to Bloomberg, Hong Kong stocks fell as markets opened after a holiday, catching up with equity losses worldwide amid increasing concerns over U.S. President Donald Trump’s policies.

The Hang Seng Index dropped 0.2 percent to 23,318.39 on Wednesday after markets were closed for 2 1/2 days through Tuesday for Lunar New Year. China’s markets are shut through Thursday. The MSCI World Index fell 0.6 percent over the last two days as Trump enacted limits on immigration from some nations, stoking fears he will follow through with isolationist policies touted during his campaign. These concerns overshadowed earlier optimism his support for higher fiscal spending will boost U.S. growth, which had fueled a global stock rally that lifted Hong Kong shares to a three-month high.

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