Hong Kong stocks moved down 106. 67 points, or 0.49 percent on Tuesday at 21,455.23 points.
The benchmark Hang Seng Index traded between 21,411.17 and 21, 634.48. Turnover totaled 63.69 billion HK dollars (about 8.21 billion U.S. dollars). The Hang Seng China Enterprises Index moved down 24.45 points, or 0.25 percent, to close at 9,704.27 points.
Two of the four sub-indices gained ground. The Utilities sub- index added 0.11 percent, the Commerce & Industry edged up 0.01 percent, while the Properties and the Finance dropped 1.94 percent and 0.64 percent respectively. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, lost 1.15 percent to 60.1 HK dollars.
Bank of East Asia, one of the largest local banks in Hong Kong, lowered 1.5 percent to close at 26.1 HK dollars. Local bourse operator HKEX fell 1.56 percent to 181.9 HK dollars. China Mobile, China's dominant mobile carrier, fell 1.26 percent to 90.15 HK dollars. China Unicom, another Chinese telecom giant, sank 2.3 percent to 10.18 HK dollars.
Local property stocks went down. Sun Hung Kai, one of Hong Kong 's largest property developer by market value, plunged 3.27 percent to 100.4 HK dollars. Henderson Land plummeted 2.23 percent to 48.15 HK dollars. CKH Holdings decreased 0.85 percent to 104.2 HK dollars. Mainland-based financial stocks moved up. Bank of China closed flat at 3.57 HK dollars.
China Construction Bank increased 0.18 percent to 5.43 HK dollars. Bank of Communication went up 0.36 percent at 5.56 HK dollars. ICBC grew 0.21 percent to 4.73 HK dollars. As for energy stocks,
China's top refiner Sinopec rose 0.39 percent to 5.13 HK dollars. PetroChina, the country's largest oil and gas producer, lost 0.69 percent to 5.68 HK dollars. CNOOC retreated 0.81 percent to 8.51 HK dollars. (1 U.S. dollar = 7.75 HK dollars)
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