Hong Kong stocks moved down 89.63 points, or 0.4 percent, to close at 22,498.00 points on Wednesday. The benchmark Hang Seng Index traded between 22,436.01 and 22,617.21. Turnover totaled 63.85 billion HK dollars (about 8.24 billion U.S. dollars). The Hang Seng China Enterprises Index fell 0.28 percent, or 28.76 points, to close at 10,127.87 points. All of the four sub-indices lost ground.
The Utilities sub-index fell the most at 1.29 percent, followed by the Finance at 0.55 percent, the Properties at 0.25 percent, and the Commerce & Industry at 0.15 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, lowered 0.72 percent to 61.95 HK dollars.Bank of East Asia, one of the largest local banks in Hong Kong, closed flat at 28.65 HK dollars. Local bourse operator HKEX fell 0.38 percent to 210 HK dollars.
Local developers moved up in general. Sun Hung Kai, one of Hong Kong's largest property developer by market value, closed at 98.35 HK dollars, slightly up 0.05 percent. Henderson Land gained 0.41 percent at 48.75 HK dollars. CKH Holdings moved down 0.38 percent at 103.6 HK dollars.
Mainland-based financial stocks closed down. Bank of China decreased 0.57 percent to close at 3.49 HK dollars. China Construction Bank lost 1.09 percent to 5.42 HK dollars. Industrial and Commercial Bank of China, the nation's largest lender, fell 0.83 percent at 4.75 HK dollars.
As for oil shares, CNOOC climbed 3.28 percent to close at 8.81 HK dollars. China's top refiner Sinopec lowered 0.6 percent to 4.94 HK dollars. PetroChina, the country's largest oil and gas producer, rose 0.35 percent to 5.73 HK dollars. (1 U.S. dollar equals to 7.75 HK dollars)
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