Nov. 27, 2009 (Chinavestor) News that Dubai was asking lenders to reschedule interest payment shook world markets world wide sending Chinese shares tumbling in Asia. But markets recovered from steep losses in Europe in the afternoon trading. The Hang Seng Index fell over -1,000 points or -4.8% on fears about the health of the global economy. Each and every component of the 44 member Hang Seng Index fell for the first time in 2009. Mining, resource and energy plays were hit the hardest. Chinese stocks led the decline, the HSCE index, measuring the performance of Mainland China stocks, fell 5.13%. Chinese stocks did a little better in Shanghai declining "only" -2.36%. The Shanghai Composite index shed -74.72 points or -2.36% to 3,096.26 at the close.