Hong Kong stocks ended lower on Wednesday as a slump in shares of telecommunications giant ZTE Corp unnerved market participants, while investors braced for a Federal Reserve policy decision later in the day. The Hang Seng index closed down 1.2 percent at 30,725.15, while the China Enterprises Index ended down 1.4 percent at 12,035.63 points.
The sub-index of the Hang Seng tracking energy shares dipped 1.8 percent, while the IT sector dropped 0.96 percent, the financial sector was 0.97 percent lower and property sector slid 1.81 percent. About 1.68 billion Hang Seng index shares were traded, roughly 94.1 percent of the market's 30-day moving average of 1.79 billion shares a day. The volume traded in the previous trading session was 1.42 billion shares.