China Stocks Plummet as Trade War Fears Fuel Deepest Hong Kong Drop Since 2008

The Chinese and Hong Kong stock markets experienced a dramatic downturn on Monday, driven by escalating concerns over a widening global trade war. The Hang Seng Index in Hong Kong plummeted more than 10%, marking its worst single-day drop since the 2008 financial crisis. This steep decline was fueled by panic selling as investors grappled with the prospect of a deep global recession triggered by heightened trade tensions between China and the U.S.