The divergence between the two indexes has become the most extreme since the dotcom bubble burst in 2000, according to a 90-day correlation measure.
Hong Kong’s stock market is turning into one of the biggest winners of Donald Trump’s chaotic first 50 days in office.
The city’s Hang Seng benchmark has surged 21% since Trump assumed the presidency, making it the world’s top performer. The S&P 500 Index has slumped about 7% to trail almost all global gauges.
