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China equities slump as renewed U.S. tariffs unsettle markets
China's markets drop as U.
Chinese stocks posted steep losses early Monday, with both the Shanghai Composite and CSI300 sliding nearly 2%. Hong Kong’s Hang Seng dropped over 2% as well. The selloff stems from renewed speculation over 100% U.S. tariffs on Chinese exports and further export controls by Beijing. Still, strategic sectors like rare earths and semiconductors showed relative strength on expectations of policy support. (Reuters)