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Shanghai, Hong Kong: Stocks tumble at open


[HONG KONG] Shares in Shanghai and Hong Kong fell at the open on Wednesday following the previous day's rally, which was fuelled by data showing China's economy grew in line with forecasts last year.

The benchmark Shanghai Composite Index fell 0.49 per cent, or 14.73 points, to 2,993.01 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.67 per cent, or 12.71 points, to 1,883.04.

In Hong Kong, the Hang Seng Index sank 1.86 per cent, or 365.54 points, to 19,270.27.