Hong Kong stocks fell 179.90 points, or 0.79 percent, to close on Friday at 22,640.04 points. The benchmark Hang Seng Index traded between 22,612.56 and 22,847.16. Turnover totaled 69.33 billion HK dollars (8.95 billion U.S. dollars). The Hang Seng China Enterprises Index moved down 42.8 points, or 0.41 percent, to close at 10,396.58 points. All of the four sub-indices lost ground. The Finance sub-index dropped the most at 1.01 percent, followed by the Properties at 0.86 percent, the Utilities at 0.57 percent, the Commerce & Industry at 0.54 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, lowered 0.16 percent to 61 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, closed flat at 29.05 HK dollars. Local bourse operator HKEX fell 0.29 percent to 203.8 HK dollars. China Mobile, China's dominant mobile carrier, fell 0.8 percent to 92.8 HK dollars. China Unicom, another Chinese telecom giant, gained 0.84 percent to 9.57 HK dollars. Local property stocks ended lower. Sun Hung Kai, one of Hong Kong's largest property developer by market value, shed 1.23 percent to 103.9 HK dollars. Henderson Land decreased 1.58 percent to 49.65 HK dollars. CKH Holdings ended flat at 106.5 HK dollars.
Mainland-based financial stocks went down. Bank of China lost 1.34 percent to 3.67 HK dollars. China Construction Bank fell 0.88 percent to 5.63 HK dollars. Bank of Communication lost 0.52 percent at 5.74 HK dollars. ICBC dropped 0.4 percent to 4.95 HK dollars.
As for energy stocks, China's top refiner Sinopec dropped 1.24 percent to 5.55 HK dollars. PetroChina, the country's largest oil and gas producer, fell 2.1 percent to 6.06 HK dollars. CNOOC lost 1.91 percent to 8.69 HK dollars. (1 U.S. dollar = 7.75 HK dollars)
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