Hong Kong stocks close 2.90% lower

HONG KONG, Jan. 21 (Chinese media) -- Hong Kong stocks shed 376.14 points, or 2.90 percent, to close at 12,583.63 on Wednesday.

Turnover rose to 47.67 billion HK dollars (6.15 billion U.S. dollars) from 39.58 billion HK dollars (5.11 billion U.S. dollars) on Wednesday.