Hong Kong Equities Extend Falls
Hong Kong's stocks slipped 166 points or 0.7% to 23,616 in early trade on Tuesday, marking the second consecutive session of losses as most sectors dipped, notably financials, property, and consumer sectors.
An overnight rout on Wall Street pressured sentiment as fears mounted that tariffs and government spending cuts would hurt US economic growth.
Meanwhile, deflationary pressures heightened in China during February, with seasonal demand waning and households remaining cautious about spending in the face of job and income worries.
At the same time, the US is reportedly set to investigate China-manufactured "legacy" chip models used in consumer electronics. This probe could potentially lead to additional tariffs on Chinese products.
Source: Trading Economics