Hong Kong - Hong Kong shares fell by more than 2 per cent Wednesday as doubts began to surface over the effectiveness of the US toxic assets' plan.

The blue-chip Hang Seng Index lost 288.23 points, or 2.07 per cent, to close at 13,622.11 points. Turnover was 54.1 billion Hong Kong dollars (6.98 billion US dollars.)

The losses, which saw the index fall back from a five-week high, mirrored negative sentiment on Wall Street overnight as confidence in the latest US fiscal rescue package faltered. (dpa)