China bank shares slump in Hong Kong after Goldman downgrades

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China bank shares slump in Hong Kong after Goldman downgrades
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Chinese banking shares listed in Hong Kong tumbled on Wednesday after Goldman Sachs downgraded top lenders including Agricultural Bank of China (AgBank) in a report that raised questions over the sector's financial health.

dropped more than 3%, on track for its worst day in eight months.

Agbank shares fell roughly 3% in Hong Kong, on track for their biggest one-day loss in nearly two months. ICBC's Hong Kong-traded shares lost roughly 2%.down 0.5%, in line with the broader market.

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