Macau’s six casino operators suffered significant stock declines on the Hong Kong Stock Exchange yesterday, amid escalating global trade tensions. The Hang Seng Index tumbled 13%, marking its steepest drop since the 1997 Asian Financial Crisis.
Galaxy Entertainment fell 12.44%, while Melco Internacional dropped 16%. SJM Holdings recorded the sharpest decline, plunging nearly 18%. All three hit three-year lows.
Wynn Macau slid 13% to a six-month low, while Sands China fell more than 14%, also reaching a six-month trough. MGM China Holdings posted its worst performance in three months, losing nearly 12%.
The downturn follows the U.S. administration’s recent imposition of sweeping tariffs, including a 54% levy on Chinese goods, heightening fears of a global recession. In response, China announced retaliatory tariffs, further rattling investor confidence.
The sharp fall in Macau’s gaming stocks reflects broader market concerns about the potential impact of a prolonged trade war on the region’s economy.
Analysts are closely watching developments, warning that sustained trade tensions could severely impact Macau’s tourism and gaming sectors — both critical to the city’s economic health.
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