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The US-China trade war intensified with the addition of Huawei Technologies Co Ltd to the US Department of Commerce's blacklist. One consequence is that Google Inc. has cut off Huawei's access to Android and several Google applications.
This caused the Hang Seng Index and the Shanghai Composite Index to plummet. At the close of trading on Monday (May 20), the Hang Seng Index closed down 0.57% to 27,787.61 points, while the Shanghai Composite Index fell 0.41% to 2,870.6 points. The decline in both indices approached their lowest levels in the last three months.
In the last month, the Hang Seng Index has fallen 7.77%, while the Shanghai Composite Index has dropped 9.67%. Over the past three months, the Hang Seng Index has fallen 1.27%, while the Shanghai Composite Index has risen 9.64%.
(Read Databoks: [America's Trade Deficit with China Lowest in 72 Months](https://databoks.katadata.co.id/datapublish/2019/05/14/defisit-neraca-perdagangan-amerika-dengan-tiongkok-terendah-dalam-72-bulan))
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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