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Nasdaq Opens Lower on Rising Geopolitical and Trade Tensions. Alphabet Drops 2%

Hong Kong Stocks Open Lower Due to Trade Tensions

Hong Kong stocks opened lower as US President Donald Trump announced plans to double tariffs on steel and aluminum imports, leading to a decline in the Hang Seng Index by 1.06%. Key stocks like BYD, Alibaba, and Tencent experienced drops, while NetEase showed a slight increase. The market sentiment was impacted by the escalating trade tensions, affecting various sectors including tech and automotive stocks.

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