Hong Kong stocks finish with big losses
Hong Kong stocks tumbled on Wednesday after the head of the Federal Reserve warned interest rates could go up quicker and higher than feared as officials try to rein in inflation. The Hang Seng Index sank 2.4 percent, or 483 points, to 20,051. The Shanghai Composite Index eased 0.1 percent, or 1 point, to 3,283, while the Shenzhen Composite Index added 0.3 percent, or 6 points, to 2,114. (AFP)