Hong Kong's Hang Seng dives, sends Asian stocks into tailspin

SYDNEY, NSW, Australia - Stocks traded lower in Asia on Wednesday. Technology stocks were the hardest hit, and the exchange to take the biggest fall was Hong Kong.

"I don't think that we are through the bear market woods yet recession risks loom, and I don't think the Fed is done with its aggressive belt-tightening," David Chao, a global market strategist for Asia Pacific ex-Japan at Invesco told Reuters news ag