Asian stocks track Wall Street sell-off over European debt woes . Nikkei 225 index falls 2.1 % , Hang Seng plummets 4.1 percent , Shanghai Composite Index drops 3.8 percent and Hong Kong Stock Exchange plunges 3.3 percent. `` We 're already hearing rumors of an emergency ECB meeting , so they could come in and aggressively buy more Italian bonds , '' said McCormick . Currency strategist : This is a crisis of confidence , not of fundamentals .
Asian stocks track Wall Street sell-off over European debt woes . Nikkei 225 index falls 2.1 % , Hang Seng plummets 4.1 percent , Shanghai Composite Index drops 3.8 percent and Hong Kong Stock Exchange plunges 3.3 percent. Currency strategist : This is a crisis of confidence , not of fundamentals .