Hong Kong Stocks Close on Brink of Bear Market as Tech Slides
Hong Kong stocks dipped into a bear market before closing just outside as the worsening U.S.-China trade dispute prompted investors to pull out of riskier assets. The Hang Seng Index closed down 1.3 percent at 26,613.42 points. The benchmark’s worst performer was Sunny Optical Technology Group Co., followed by AAC Technologies Holdings Inc. as Apple Inc. warned tariffs would affect many of its products and increase costs.