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Hong Kong stocks close 0.57 lower

HONG KONG
2015-08-06 17:08

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Hong Kong stocks moved down 138. 88 points, or 0.57 percent on Thursday at 24,375.28 points.

The benchmark Hang Seng Index traded between 24,320.75 and 24, 527.74. Turnover totaled 67.31 billion HK dollars (about 8.69 billion U.S.dollars).

The Hang Seng China Enterprises Index ended down 32.57 points, or 0.29 percent, to close at 11,093.27.

All four sub-indices lost ground with the Finance moved down 0. 34 percent, the Commerce and Industry moved down 0.63 percent,the Properties moved down 0.89 percent and the Utilities ended down 1. 67 percent.

The Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, edged up 0.21 percent to 71.40 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, ended down 0.17 percent to 30.15 HK dollars.

Local bourse operator HKEX ended down 0.68 percent to 205.20 HK dollars.

China Mobile, China's dominant mobile carrier, moved down 0.69 percent to 100.10 HK dollars, while another Chinese telecom giant China Unicom ended down 0.75 percent to 10.58 HK dollars.

For the local property stocks, Sun Hung Kai, one of HK's largest property developer by market value, ended down 1.76 percent 117.00 HK dollars. Hang Lung Properties fell 1.16 percent to 21.40 HK dollars. New World Development, another major developer in Hong Kong, decreased 0.86 percent to 9.18 HK dollars.

As for mainland-based financial stocks, China Construction Bank, the country's second largest bank which accounts for the third largest weighting of the Hang Seng Index, moved down 0.32 percent to 6.32 HK dollars. ICBC, the world's largest bank by market value, ended flat with 5.34 HK dollars. Bank of China ended down 0.48 percent to 4.19 HK dollars.

As for energy stocks, China's top refiner Sinopec ended down 1. 03 percent to 5.77 HK dollars. PetroChina, the country's largest oil and gas producer, ended down 0.95 percent to 7.31 HK dollars. (1 U.S. dollar equals 7.75 HK dollars)

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