Hong Kong stocks closed down 311. 02 points, or 1.12 percent to 27,407.18 points on Tuesday.
The benchmark Hang Seng Index traded between 27,395.91 and 27, 693.63. Turnover totaled 136.42 billion HK dollars (about 17.60 billion U.S. dollars).
The Hang Seng China Enterprises Index ended down 209.98 points, or 1.48 percent, to close at 13,973 points.
All of the four sub-indices lost ground. The Finance sub-index dropped the most at 1.21 percent, followed by the Properties at 1. 17 percent, the Commerce ' Industry at 1.11 percent, the Utilities at 0.15 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, dropped 0.79 percent to 75.15 HK dollars.
Bank of East Asia, one of the largest local banks in Hong Kong, dropped 0.59 percent to close at 33.65 HK dollars.
Local bourse operator HKEX went down 1.79 percent to 284 HK dollars.
China Mobile, China's dominant mobile carrier, lost 1.39 percent to 106.2 HK dollars.
China Unicom, another Chinese telecom giant, tumbled 2.74 percent to 14.16 HK dollars.
Local property stocks went down in general. Sun Hung Kai, one of Hong Kong's largest property developer by market value, retreated 1.21 percent to 129.9 HK dollars. Henderson Land moved down 0.63 percent to 62.2 HK dollars. CKH Holdings fell 0.43 percent to 162 HK dollars.
Mainland-based financial stocks closed lower. Bank of China sank 2.1 percent to close at 5.11 HK dollars. China Construction Bank fell 0.95 percent to 7.3 HK dollars. Bank of Communication slipped 1.16 percent to 7.62 HK dollars. ICBC fell 1.21 percent to 6.5 HK dollars.
As for energy stocks, China's top refiner Sinopec plunged 2.25 percent to 6.9 HK dollars. PetroChina, the country's largest oil and gas producer, fell 1.26 percent to 9.4 HK dollars. CNOOC moved down 0.93 percent to 12.74 HK dollars (1 U.S. dollar equals 7.75 HK dollars)
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