Hong Kong stocks fall on Thursday, HSBC dips before Hang Seng Bank's privatization results

Hong Kong stocks tumbled at the close on Thursday, following a selloff of US-listed Chinese stocks. 

The benchmark Hang Seng Index once dropped below the 26,000-point mark before narrowing the losses. It closed down by 309 points, or 1.2 percent, to 26,149 points. 

The market turnover also slid to HK$268 billion. 

HSBC (0005) fell by 2.3 percent, while Hang Seng Bank (0011) saw little change before the results of the take-private deal. 

The Hang Seng Tech Index dropped by 1.05 percent to 5,678 points.

Shares of Lenovo (0992) plunged by 5.6 percent, becoming the biggest laggard among blue-chip stocks. Meituan (3690) and Baidu (9888) both slumped 3.3 percent. 

In the mainland, the Shanghai Stock Exchange Composite Index was flat at 4,082 points and the Shenzhen Stock Exchange Component Index slid by 0.5 percent to 13,959 points.