Hong Kong  - Hong Kong dropped more than 3 per cent Wednesday on more worries over the economy and first-quarter earnings.

The blue-chip Hang Seng Index fell by 454.11 points or 3.04 per cent to end the day at 14,474.86. Turnover was 60.8 billion Hong Kong dollars (7.8 billion US dollars.)

Losses were across the board, with market heavyweight HSBC losing 5.57 per cent to close at 48.35 Hong Kong dollars.

Analysts said the fall tracked overnight losses on Wall Street which had succumbed to jitters over the start of the first-quarter earnings season which began Tuesday. (dpa)