Hong Kong stocks ended lower on Tuesday with the benchmark Hang Seng index falling 0.09 percent, or 22.91 points to end at 24,498.21 points. Turnover totaled 96.10 billion HK dollars (about 12.35 billion U.S. dollars).
The Hang Seng China Enterprises Index fell 27.02 points or 0.24 percent, to close at 11,264.64. Three sub-indices lost ground, with the Finance sub-index falling the most by 0.19 percent, followed by the Properties 0.07 percent and the Utility 0.04 percent. The Commerce and Industry rose 0.01 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, gained 0.3 percent at 70.10 HK dollars, while its local unit Hang Seng Bank closed down 0.5 percent to 157.00 HK dollars. Local bourse operator HKEX went down 1.0 percent at 216. 00 HK dollars.
Local developers Hang Lung Properties slid 1.2 percent to 20.55 HK dollars. Henderson Land, another major developer in Hong Kong, dropped 0.4 percent to 49.90 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka- shing, decreased 1.5 percent to 114.20 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, went down 0.8 percent to 6.32 HK dollars. ICBC, the world's largest bank by market value, was down 0.2 percent to 5.34 HK dollars. Bank of China closed down 0.5 percent to 4.21 HK dollars. PetroChina, the country's largest oil and gas producer, increased 0.8 percent to 7.33 HK dollars. (1 U.S. dollar equals 7. 761 HK dollars)
Latest comments