Hong Kong shares tumble after US ratings cut
Hong Kong stocks tanked on Wednesday, in line with a retreat across Asia, Europe and Wall Street after the United States' sovereign debt rating was downgraded, with tech giants leading the selling. The Hang Seng Index shed 2.5 percent, or 493 points, to 19,517. The Shanghai Composite Index fell 0.9 percent, or 29 points to 3,261, while the Shenzhen Composite Index fell 0.3 percent, or 5 points, to 2,056. (AFP)