Hong Kong stocks closed down 301. 88 points, or 1.12 percent to 26,687.64 points on Wednesday.
The benchmark Hang Seng Index traded between 26,573.96 and 27, 116.92. Turnover totaled 144.13 billion HK dollars (about 18.6 billion U.S. dollars).
The Hang Seng China Enterprises Index ended down 245.29 points, or 1.77 percent, to close at 13,616.67 points.
All of the four sub-indices lost ground.
The Finance sub-index fell the most at 1.27 percent, followed by the Commerce ' Industry at 1.09 percent, the Properties at 0.78 percent, the Utilities at 0.49 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, lowered 0.54 percent to 72.85 HK dollars.
Bank of East Asia, one of the largest local banks in Hong Kong, fell 0.43 percent to close at 34.35 HK dollars.
Local bourse operator HKEX moved down 1.24 percent to 285.6 HK dollars.
China Mobile, China's dominant mobile carrier, lost 1.21 percent to 97.8 HK dollars. China Unicom, another Chinese telecom giant, fell 1.23 percent to 12.76 HK dollars.
Local property stocks closed down. Sun Hung Kai, one of Hong Kong's largest property developer by market value, fell 1.57 percent to 125.3 HK dollars. Henderson Land retreated 1.03 percent to 52.5 HK dollars. CKH Holdings lost 1.25 percent to 110.6 HK dollars.
Mainland-based financial stocks closed down. Bank of China tumbled 2.44 percent to close at 5.19 HK dollars. China Construction Bank dropped 1.42 percent to 7.63 HK dollars. Bank of Communication plunged 3.35 percent to 8.06 HK dollars. ICBC lost 1. 51 percent to 6.51 HK dollars.
As for energy stocks, China's top refiner Sinopec fell 1.13 percent to 6.37 HK dollars. PetroChina, the country's largest oil and gas producer, lowered 0.56 percent to 8.82 HK dollars. CNOOC decreased 1.19 percent to 11.58 HK dollars (1 U.S. dollar equals 7. 75 HK dollars)
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