Hang Seng Index drops on Wednesday

Hong Kong stocks fell at the close on Wednesday. 

The benchmark Hang Seng Index declined by 251 points, or 0.94 percent, to 26,710 points.

The market turnover also slid to HK$276 billion. 

The Hang Seng Tech Index dropped by 1.5 percent to 5,738 points.

Shares of Alibaba (9988) and BYD (1211) both plunged over 3 percent.

In the mainland, the Shanghai Stock Exchange Composite Index was flat at 4,085 points and the Shenzhen Stock Exchange Component Index was also muted at 14,030 points.