Hong Kong stocks drop to one-month low on Trump tariffs

Hong Kong stocks dropped to a one-month low on Thursday morning after the US announced reciprocal tariffs.

The benchmark Hang Seng Index fell 366 points, or 1.58 percent, to 22,835 points at the midday break, with a turnover of HK$163.97 billion. 

The Hang Seng China Enterprises Index dropped 122 points, or 1.44 percent, to 8,408, while the Hang Seng Tech Index declined 2.22 percent, or 120 points, to 5,306 points.

Among the Hang Seng Tech Index constituents, Xiaomi (1810) was the top gainer, rising 1.35 percent to HK$45.15, while BYD Electronic (0285) was the biggest decliner, falling 8.49 percent to HK$37.20.

In the mainland, the Shanghai Composite Index closed the morning session at 3,333 points, down 17 points or 0.51 percent, while the Shenzhen Component Index fell 153 points, or 1.46 percent, to 10,359 points.

STAFF REPORTER