Hong Kong stocks hit by China economy, US debt fears
Hong Kong shares closed heavily down on Wednesday on worries about the outlook for China's economy and US Republican threats to torpedo a bill aimed at lifting the debt ceiling to avoid a default. The Hang Seng Index dropped 1.9 percent, or 361 points, to 18,234. The Shanghai Composite Index shed 0.6 percent, or 19 points, to 3,204, while the Shenzhen Composite Index sank 0.4 percent, or 8 points, to 2,003. (AFP)