Hong Kong shares tank in early trade

Hong Kong: Hong Kong stocks plunged more than one percent in opening trade Friday as the European Central Bank’s decision to slash its growth forecasts added to concerns about the global economy.

The Hang Seng Index tumbled 1.29 percent, or 370.31 points, to 28,409.14.

The benchmark Shanghai Composite Index dived 2.19 percent, or 68.08 points, to 3,038.34, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, sank 2.30 percent, or 38.44 points, to 1,630.09.

[source_without_link]AFP[/source_without_link]