Global Stocks Fall as China Flexes Muscle on Hong Kong

Global stocks declined as China moved to impose new national-security laws on Hong Kong, a measure that would increase tensions with the U.S. and challenge the financial hub’s autonomy.

Hong Kong shares plunged, leading regional declines. The Hang Seng Index lost 5.5%, with property, financial and infrastructure stocks retreating between 5% and 9%. The decline put it on course for its worst day since July 2015, Refinitiv Datastream data showed. Its biggest drop during the market turmoil earlier this year came on March 23,…

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