Hong Kong stocks closed down 418. 73 points, or 1.53 percent to 26,861.81 points on Monday.
The benchmark Hang Seng Index traded between 26,841.52 and 27, 131.36. Turnover totaled 116.51 billion HK dollars (15 billion U.S. dollars).
The Hang Seng China Enterprises Index dropped 361.24 points, or 2.58 percent, to 13,622.76 points.
All of the four sub-indices lost ground. The Finance sub-index declined the most at 1.84 percent, followed by the Commerce ' Industry at 1.34 percent, the Properties at 1.13 percent, the Utilities at 0.72 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, retreated 0.89 percent to 72.6 HK dollars.
Bank of East Asia, one of the largest local banks in Hong Kong, lost 1.43 percent to close at 34.45 HK dollars.
Local bourse operator HKEX edged down 3.03 percent to 287.6 HK dollars.
China Mobile, China's dominant mobile carrier, retreated 1.38 percent to 100.3 HK dollars. China Unicom, another Chinese telecom giant, fell 2.01 percent to 12.66 HK dollars.
Local property stocks closed down. Sun Hung Kai, one of Hong Kong's largest property developer by market value, fell 0.55 percent to 126.3 HK dollars. Henderson Land lost 1.03 percent to 53 HK dollars. CKH Holdings dropped 0.97 percent to 112.1 HK dollars.
Mainland-based financial stocks closed down. Bank of China slid 0.46 percent to close at 32.15 HK dollars. China Construction Bank fell 2.19 percent to 7.59 HK dollars. Bank of Communication went down 3.63 percent to 7.96 HK dollars. ICBC lost 2.4 percent to 6. 52 HK dollars.
As for energy stocks, China's top refiner Sinopec dropped 0.62 percent to 6.43 HK dollars. PetroChina, the country's largest oil and gas producer, shed 1.12 percent to 8.83 HK dollars. CNOOC moved down 1.37 percent to 11.56 HK dollars.
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