May 30, 2012 (Chinavestor) European woes and media reports from China that government stimulus will be limited sent stocks tumbling in Asia on Wednesday. The Shanghai Composite Index (SHA:000001) shed 5.0 points or 0.2% while the Hang Seng Index (INDEXHANGSENG:.HSI) crumbled 356.2 points or 2.0%. Chinese stocks led the decline in Hong Kong where all but one component of the 25 member Xinhua 25 index fell. The decline was less universal among components of the 42 member Hang Seng Index. Stocks that fell outnumbered those that advanced seven to one. Shipping, airlines and resource stocks fell the hardest but power generators did well. SH Electric (HKG:2727) rose 4.4% while Huadian Power (HKG:1071) advanced 1.2%.