HK stocks end more than 3% lower

Hong Kong stocks tumbled Wednesday as Asian markets retreated on recession fears and traders re-evaluated their recent big bets on China’s reopening. The Hang Seng Index dived 3.22 per cent, or 626.36 points, to close at 18,814.82.

The Shanghai Composite Index fell 0.40 per cent, or 12.91 points, to 3,199.62, though the Shenzhen Composite Index on China’s second exchange edged up 0.15 per cent, or 3.11 points, to 2,071.04.