Hong Kong stocks Wednesday ended down 320.27 points, or 1.36 percent, at 23,164.03, tracking losses on Mainland markets. The benchmark Hang Seng Index opened up 0.22 percent at 23,535. 41, then traded between 23,591.50 and 23,128.72 during the day's session.
Turnover totaled 90.02 billion HK dollars (about 11.56 billion U.S. dollars), compared with Tuesday's 73.78 billion HK dollars.
The Hang Seng China Enterprises Index went down 247.66 points, or 1.98 percent, to close at 12,278.60.
All of the four sub-indices lost ground. The Properties sub-index was the biggest loser, falling 2.39 percent, followed by the Commerce and Industry sub-index, losing 2.20 percent, the Utilities, 0.67 percent, and the Finance, 0.51 percent.
Heavyweight HSBC gained 1.01 percent to close at 89.70 HK dollars, while its local unit Hang Seng Bank lowered 1.76 percent to close at 128.60 HK dollars.
HKEx, the city's sole bourse operator, down 1.73 percent to 176. 30 HK dollars. China Mobile, the world's largest mobile operator by subscribers, fell 1.77 percent to 74.85 HK dollars.
China Construction Bank fell 1.47 percent to 6.71 HK dollars, Bank of China lost 1.98 percent at 3.96 HK dollars. The world's largest bank by market value ICBC down 1.37 percent at 5.74 HK dollars. Agricultural Bank of China, the last of China's "big four " state-owned lenders to go public, lost 1.85 percent at 3.71 HK dollars.
Hong Kong developers ended lower. Cheung Kong Holding, a conglomerate created by Li Ka-shing retreated 1.41 percent to 125. 50 HK dollars, Henderson Land plunged 2.76 percent to 51.00 HK dollars, Sun Hung Kai Properties slid 2.36 percent to 124.30 HK dollars,
As for oil shares, PetroChina tumbled 3.83 percent to 10.54 HK dollars, offshore oil producer CNOOC lost 2.84 percent to 16.42 HK dollars. Sinopec sharply dropped 4.61 percent to 8.27 HK dollars. (1 U.S. dollar = 7.788 HK dollars)