HONG KONG -- Hong Kong stocks dumped 797.53 points or 4.23 percent, to close at 18,076.46 on Tuesday.

The benchmark Hang Seng Index traded between 18,411.40 and 17,963.26. Turnover totaled HK$63 billion ($8.1 billion).

The Hang Seng China Enterprises Index lost 512.91 points, or 5. 21 percent, to close at 9,340.43.

Heavyweight HSBC shed 3.2 percent to HK$62.85. China Mobile gave up 1.2 percent to HK$75.15.

Chinese lender were weak. Bank of Communication tumbled over 7. 1 percent to HK$4.56. ICBC lost over 6 percent to HK$4.04. Bank of China and China Construction Bank was down over 4 percent to close at HK$2.61 and HK$5.01 respectively.

Bucking the trend, Power Assets and CLP Holdings closed slightly up at HK$58.5 and HK$68.8. ($1 = HK$7.778)