Chinese stocks traded in Hong Kong have dropped to the lowest levels seen this year, amid falling crude oil prices and regulatory concerns for banks on the mainland. The Hang Seng China Enterprises Index dropped 1.8% on 9 March, with China Petroleum & Chemical falling 2.2% and PetroChina falling 3.4%. Chinese officials have declared that the country is experiencing its first trade deficit in three years and export volumes are also declining. Concerns over a potential interest rate increase by the US Federal Reserve have also affected stock prices in Hong Kong.
Chinese stocks traded in Hong Kong have dropped to the lowest levels seen this year, amid falling crude oil prices and regulatory concerns for banks on the mainland. The Hang Seng China Enterprises Index dropped 1.8% on 9 March, with China Petroleum & Chemical falling 3.4% and PetroChina falling 2.2%. Chinese officials have declared that the country is experiencing its first trade deficit in three years and export volumes are also declining. Concerns over a potential interest rate increase by the US Federal Reserve have also affected stock prices in Hong Kong.