Asian shares tumble as Bernanke fires warning

Markets in Asia tumbled overnight, with China's domestic market selling off sharply, amid ongoing concerns over the recovery in the west.

Following a warning from Fed chairman Ben Bernanke that the US is not out of the woods yet, shares in major Asian markets fell overnight. The Nikkei was down 0.71%, at 10,182.57 points, while Hong Kong's Hang Seng Index dropped 1% to 20,835.87. Meanwhile China's Shanghai Shenzhen CSI 300 Index fell more than 2%, to 2,487.67. US shares had earlier ended the session lower, with both the Dow and the S&P 500 off after Bernanke's latest comments. The Fed chairman warned investors "it's far too early to declare victory." His comments come despite a resurgence in growth in the US, w...