Investors opted to book three day's profit and wait-and-see attitude ahead of congressional testimony by Federal Reserve Chair Jerome Powell later in the day for further clues about whether another 75-basis-point rate hike is on the cards in July.
At closing bell, the benchmark Hang Seng Index declined 551.25 points, or 2.56%, to 21,008.34. The Hang Seng China Enterprises Index was down 214.58 points, or 2.84%, to 7,335.
Leading the scant upside was Geely Automobile, up 4.1%, followed by China Mengniu Dairy, up 1.6%, and property-developer CK Asset, up 1.6%. On the downside was Alibaba Health Information Technology, off 13.9%, and smartphone-components maker Sunny Optical Technology, off 7.4%.
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