The Hang Seng Index finished down 1.31 percent, or 368.75 points, at 27,777.75.

The benchmark Shanghai Composite Index dropped 0.67 percent, or 19.83 points, to close at 2,932.51.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, ended down 0.68 percent, or 10.77 points, at 1,571.30.