The Hong Kong Stock Exchange collapsed and closed at -5.72%. The European stock exchanges also open down

The Hong Kong stock exchange sinks for the second day in a row on fears that Beijing and its companies may also end up in sanctions by the United States and Europe, due to ties between China and Russia. Hong Kong, which yesterday plummeted to its lowest level since 2016, is down 5.72% (to 18,415.08 points), with technology stocks targeting a sell-off (the Hang Seng Tech Index is down by more than 8%) . Investors are also affected by the leap in Covid-19 cases in China which led to the lockdown and production blockade of the Shenzhen hi-tech hub. European stock exchanges also open down, looking at the negotiations between Russia and Ukraine that resume today, and at the situation in China, where restrictions have been decided following a resurgence of Covid cases, causing serious consequences on Chinese stock markets. Finally, waiting for the meeting of the Federal Reserve. A few minutes after the start of trading, the Frankfurt Dax index dropped 1.28% to 13,750.28 points, the Paris Cac index lost 1.31% to 6,286.42 points, the index London’s Ftse 100 fell by 1.2% to 7,104.57 points, Milan’s Ftse Mib fell by 1.18% and Madrid’s Ibex by 0.87%.