Hong Kong, Shanghai Stocks Tumble In Morning Trade

Hong Kong stocks tumbled today morning, with energy shares again hammered by the previous day’s plunge in oil prices fuelled by worries over a planned output cut by major producers.

The Hang Seng Index in Hong Kong Sank 1.15 percent to 23,056.62 points.

The benchmark shanghai composite index lost 0.34 percent to 3,105.81 points and the Shenzhen Composite Index, which tracks stocks on China’s Second exchange, fell 0.23 percent to 2,064.55 points.

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