Hong Kong stocks close down
Hong Kong stocks fell sharply on Wednesday, in line with a sell-off across world markets on renewed fears over a possible recession fuelled by rising interest rates aimed at quelling inflation. The Hang Seng Index dropped 1.9 percent, or 422 points, to 21,996. The Shanghai Composite Index shed 1.4 percent, or 47 points, to 3,361, while the Shenzhen Composite Index lost 2.2 percent, or 49 points, to 2,194. (AFP)