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Bank of America traded about 5 percent lower after reporting weak earnings. Goldman Sachs and Citigroup declined about 4 percent each as the financial sector struggled.

Banking and insurance institutions received 646 penalties in the first three months during a campaign against violations including defective corporate governance and breaches of macro-regulation policies, it said.

Baidu Apollo self-driving cars being tested on open roads in Beijing on March 22, 2018. [Photo/Asianewsphoto]

Baring Private Equity Asia is one of the largest and most established independent private equity firms in Asia. The CITIC Capital Holdings Limited is an alternative investment management and advisory company.

Barrister Anthony Neoh, head of the Independent Police Complaints Council, Hong Kong's police watchdog, said on Friday that it will invite overseas scholars and specialists to study the recent protests in the city and the police's handling of them. The public has been calling for a thorough investigation into the clashes between protesters and the police, and how police have responded to these incidents.