Hong Kong stocks dropped 99.15 points, or 0.45 percent, to close on Thursday at 21,704.61 points. The benchmark Hang Seng Index traded between 21,668.12 and 21,880.19. Turnover totaled 68.9 billion HK dollars (8.89 billion U.S. dollars).
The Hang Seng China Enterprises Index fell 108.27 points, or 1.13 percent, to 9,450.49 points. Three of the four sub-indices lost ground. The Properties sub-index dropped the most at 0.76 percent, followed by the Commerce & Industry at 0.55 percent and the Finance at 0.39 percent, while the Utilities rose at 0.36 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, advanced 0.17 percent to 60.35 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, lost 0.93 percent to close at 26.75 HK dollars.
Local bourse operator HKEX edged up 0.15 percent to 198.6 HK dollars. China Mobile, China's dominant mobile carrier, advanced 0.34 percent to 89.85 HK dollars.
China Unicom, another Chinese telecom giant, fell 0.87 percent to 9.08 HK dollars. Local property stocks were generally down. Sun Hung Kai, one of Hong Kong's largest property developer by market value, fell 0.11 percent to 94.5 HK dollars. Henderson Land lost 0.32 percent to 46.9 HK dollars. CKH Holdings slid 0.59 percent to 101.2 HK dollars.
Mainland-based financial stocks closed down. Bank of China retreated 0.89 percent to close at 3.33 HK dollars. China Construction Bank dropped 0.19 percent to 5.2 HK dollars. Bank of Communication went down 0.37 percent to 5.36 HK dollars. ICBC fell 0.22 percent to 4.54 HK dollars. As for energy stocks, China's top refiner Sinopec dropped 2.19 percent to 4.46 HK dollars. PetroChina, the country's largest oil and gas producer, fell 1.15 percent to 5.17 HK dollars. CNOOC moved down 2.97 percent to 8.17 HK dollars.
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