China said Friday it would impose retaliatory tariffs on another $75 billion of U.S. goods.
HONG KONG: Hong Kong stocks tumbled the most in Asia and the yuan weakened to an 11-year low amid concern over the intensifying trade war.
The Hang Seng Index dropped 3% at 10:33 a.m. in Hong Kong, poised for its biggest loss since October. Meat producer WH Group Ltd. and Cnooc Ltd. led declines. The yuan slid 0.7% to 7.1449 per dollar, while the Shanghai Composite Index dropped 1.3%.
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