China, Hong Kong stocks tumble, joining global selloff on slowdown fears
* CSI300 -1.9 pct; SSEC -1.8 pct; HSI -3.6 pct
* Hang Seng falls to a two-year low
* China slowdown, U.S. rate policy impact HK stocks - HKMA
SHANGHAI, Sept 29 (Reuters) - China and Hong Kong stocks tumbled on Tuesday, joining a global equity selloff triggered by fears of a sharp slowdown in the world economy.
Commodity-related companies were under particularly fierce pressure as worries over sagging demand sent prices of metal and crude oil skidding overnight.
China's blue-chip CSI300 index and the flagship Shanghai Composite Index both lost nearly 2 percent by midday, ending the morning session at 3,181.50 points and 3,043.85, respectively
In Hong Kong, the benchmark Hang Seng index slumped 3.6 percent to 20,426.7, its lowest level in two years, while the China Enterprises Index skidded more than 4 percent to 9,120.6. Hong Kong markets were closed on Monday, and were partly catching up to regional losses that day.
Market sentiment in the region was soured by heavy overnight losses in European equities and on Wall Street, with Japan's benchmark Nikkei index shedding over 3 percent to an 8-month low.
"Investors are worried about a sharp slowdown in China ... but the biggest risk is a global recession, not just a China issue," said Steven Leung, a director at UOB Kay Hian in Hong Kong. Continuación...