Hong Kong stocks fell 270.00 points, or 1.19 percent, to close on Monday at 22,370.04. The benchmark Hang Seng Index traded between 22,322.71 and 22,605.80. Turnover totaled 67.37 billion HK dollars (8.69 billion U.S. dollars).
The Hang Seng China Enterprises Index moved down 156.25 points, or 1.50 percent, to close at 10,240.33 points. All of the four sub-indices lost ground. Both of the Finance and the Utilities fell 1.49 percent, the Properties decreased 1.17 percent, followed by the The Commerce & Industry at 0.82 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, shed 1.15 percent to 60.30 HK dollars.
Bank of East Asia, one of the largest local banks in Hong Kong, fell 2.24 percent to close at 28.40 HK dollars. Local bourse operator HKEX dropped 2.45 percent to 198.80 HK dollars.
China Mobile, China's dominant mobile carrier, went down 0.43 percent to 92.4 HK dollars. China Unicom, another Chinese telecom giant, fell 1.78 percent to 9.4 HK dollars.
Local property stocks went down in general. Sun Hung Kai, one of Hong Kong's largest property developer by market value, fell 3.18 percent to 100.6 HK dollars. Henderson Land decreased 2.42 percent to 48.45 HK dollars. CK Property lost 3.59 percent to 52.55 HK dollars.
Mainland-based financial stocks moved down. Bank of China went down 2.73 percent to 3.57 HK dollars. China Construction Bank lost 1.42 percent to 5.55 HK dollars. Bank of Communication moved down 1.57 percent at 5.65 HK dollars. ICBC decreased 2.22 percent to 4.84 HK dollars.
As for energy stocks, China's top refiner Sinopec moved down 0.36 percent to 5.53 HK dollars. PetroChina, the country's largest oil and gas producer, fell 1.16 percent to 5.99 HK dollars. CNOOC lost 0.92 percent to 8.61 HK dollars. (1 U.S. dollar = 7.75 HK dollars)
Latest comments