Index: Seng Index and American Companies

index: The yuan slid 0.6% to 7.1425 per dollar, while the Shanghai Composite Index closed 1.2% lower, according to Xinhua China. Hong Kong stocks tumbled earlier Monday after China and the U.S. announced additional levies on each other's goods, and President Donald Trump called for American companies to pull out of Asia's largest economy. The Hang Seng Index closed down 1.9% in Hong Kong, after falling as much as 3.6%. Meat producer WH Group Ltd., AAC Technologies Holdings Inc. and Cnooc Ltd. were among the worst performers. Equities pared declines after the U.S. leader said Monday the Chinese government called his team to restart talks. Pessimism prevails in the market, said Banny Lam, head of research at CEB International Investment Corp. Adding to the risk-off sentiment, Hong Kong police and protesters clashed for a 12th weekend and China sent the strongest warning yet it's thinking of using troops on the city's streets. (news.financializer.com). As reported in the news.