Hong Kong stocks reversed two days of gains to end lower on Friday, soured by the weak sentiment in the Chinese mainland market.
The benchmark Hang Seng Index closed 218.21 points, or 0.83 percent, to 26,064.11, after trading between 25,933.12 and 26,402. 85.
Turnover totaled 148.87 billion HK dollars (about 19.21 billion U.S. dollars), compared with 150.85 billion HK dollars the previous trading day.
The Hang Seng China Enterprises Index fell 1.37 percent, or 175. 67 points, to close at 12,608.98.
Four sub-indices closed lower, with the Properties falling the most by 1.27 percent, followed by the Finance 0.93 percent, the Commerce and Industry 0.67 percent and the Utilities 0.08 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, closed flat at 69.55 HK dollars, while its local unit Hang Seng Bank edged up 0.07 percent to 151.8 HK dollars. Local bourse operator HKEX lost 3.27 percent at 259.8 HK dollars.
Local developers suffered losses. Hang Lung Properties shed 2. 56 percent to 22.8 HK dollars. Henderson Land, another major developer in Hong Kong, dropped 0.57 percent to 52.7 HK dollars. CKH Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, edged down 0.88 percent to 112.8 HK dollars.
Mainland-based financial shares finished lower. China Construction Bank, the country's second largest lender, fell 0.14 percent at 7.05 HK dollars. Bank of Communications retreated 2.6 percent to end at 7.87 HK dollars. Ping An Insurance, the country' s leading insurer lost 2.85 percent at 99 HK dollars.
Bucking the trend, PetroChina, the nation's biggest oil refiner, added 0.58 percent to close at 8.67 HK dollars. Sinopec, the biggest oil and gas producer, rose 0.46 percent at 6.59 HK dollars.
