The Hang Seng Index fell 1.37 percent, or 394.14 points to 28,371.26.

The benchmark Shanghai Composite Index lost 1.27 percent, or 37.23 points, to 2,886.97, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, closed 1.78 percent, or 27.84 points, down at 1,532.43.