Hong Kong fell after the government reported further evidence that the local economy is suffering from long-running protests. Hong Kong’s Hang Seng(HSI) fell as much as 1.4% in early trading, but recovered some of that later in the morning. It was last down 0.5%.
Hong Kong’s retail sales plunged more than 24% in October from a year earlier — the biggest monthly decline on record — according to government statistics released Monday.
US Commerce Secretary Wilbur Ross also reminded Wall Street that the trade war may yet get worse before it gets better. Ross told Fox Business onMonday that the Trump administration could increase tariffs on China if no agreement is reached by December 15.