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Hong Kong stocks dive 2.48% by close

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(Globalpost/GlobalPost)

Hong Kong shares tumbled 2.48 percent on Wednesday as traders became increasingly concerned about the strength of the mainland Chinese economy after another batch of weak data.

The benchmark Hang Seng Index fell 511.34 points to end at 20,147.31 on turnover of HK$67.99 billion ($8.77 billion).

Chinese shares ended down 0.61 percent. The benchmark Shanghai Composite Index fell 12.29 points to 1,994.27 on turnover of 76.7 billion yuan ($12.5 billion).

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http://www.globalpost.com/dispatch/news/afp/130703/hong-kong-stocks-dive-248-close