Hong Kong stocks dropped 226.15 points, or 1.04 percent, to close on Friday at 21,612.39 points.
The benchmark Hang Seng Index traded between 21,585.33 and 22, 424.40. Turnover totaled 112.88 billion HK dollars (14.57 billion U.S. dollars), down from 122.43 billion HK dollars the previous trading day. The Hang Seng China Enterprises Index dropped 112.88 points, or 1.14 percent, to 9,750.73 points.
All of the four sub-indices lost ground. The Finance sub-index dropped the most at 1.47 percent, followed by the Utilities at 1. 04 percent, the Properties at 0.94 percent and the Commerce & Industry at 0.54 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, retreated 0.49 percent to 61.15 HK dollars.
Bank of East Asia, one of the largest local banks in Hong Kong, dropped 1.67 percent to close at 26.55 HK dollars.
Local bourse operator HKEX edged down 1.24 percent to 183.9 HK dollars.
China Mobile, China's dominant mobile carrier, lost 2.39 percent to 91.8 HK dollars. China Unicom, another Chinese telecom giant, fell 0.19 percent to 10.34 HK dollars.
Local property stocks closed mixed. Sun Hung Kai, one of Hong Kong's largest property developer by market value, dropped 0.61 percent to 98.05 HK dollars. Henderson Land dropped 1.03 percent to 48.3 HK dollars. CKH Holdings edged up 0.67 percent to 104.6 HK dollars.
Mainland-based financial stocks closed down. Bank of China slid 3.53 percent to close at 3.55 HK dollars. China Construction Bank fell 3.76 percent to 5.37 HK dollars. Bank of Communication went down 4.73 percent to 5.64 HK dollars. ICBC lost 4.03 percent to 4. 52 HK dollars.
As for energy stocks, China's top refiner Sinopec rose 2.78 percent to 5.18 HK dollars. PetroChina, the country's largest oil and gas producer, retreated 0.92 percent to 6.49 HK dollars. CNOOC moved up 0.22 percent to 9.24 HK dollars.
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