Stocks tumbled in Hong Kong and China on Wednesday on worries over economic growth and a quicker than expected rise in US interest rates.
The sell-off was focused on Chinese stocks trading in the city, with Hong Kong’s Hang Seng China Enterprise index, which tracks large, listed Chinese companies, falling as much as 2.8 per cent on Wednesday morning.
The Hang Seng index closed down 1.36 per cent and the CSI 300 — which tracks equities listed in Shanghai and Shenzhen — was off by about 1 per cent.
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