Chinese Stocks Slide as Renewed Trade Tensions Threaten Bull Run

Chinese equities slumped and bond futures climbed as investors grew jittery over the prospect of a revived trade war between Beijing and Washington.

The Hang Seng China Enterprises Index fell as much as 2.4% on Monday, with tech heavyweights Alibaba Group Holding Ltd. and Tencent Holdings Ltd. among the biggest drags. The CSI 300 Index, a benchmark for mainland shares, dropped as much as 2.7% before halving its drop. The People’s Bank of China boosted its daily reference rate to the strongest since November, signaling its intent to keep the yuan steady.