Hong Kong stocks and the Chinese yuan experienced significant declines following early results from the US presidential election, which showed Donald Trump in the lead.
The offshore yuan fell by as much as 1.2% against the dollar, marking its steepest drop since October 2022.
Chinese shares listed in Hong Kong were particularly affected, with the Hang Seng index plummeting over 3% at one point during trading. In contrast, stocks on the mainland displayed relative resilience, buoyed by hopes for government stimulus measures to support the economy amid rising trade tensions.