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Hong Kong: Stocks dive on Deutsche Bank crisis

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[HONG KONG] Shares in Hong Kong tumbled Friday, wiping out the previous day's rally, as fears about the future of Germany's Deutsche Bank sent financial firms reeling.

The Hang Seng Index shed 1.86 per cent, or 442.32 points, to 23,297.15.

But the benchmark Shanghai Composite Index gained 0.21 per cent, or 6.22 points, to 3,004.70 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.49 per cent, or 9.69 points, to 1,995.61.