Hong Kong stocks close 0.37% lower

GMT 13:52 2014 Tuesday ,26 August

Arab Today, arab today Hong Kong stocks close 0.37% lower

Hong Kong stocks lower
Hong Kong - XINHUA

Hong Kong stocks closed down 92. 41 points, or 0.37 percent to 25,074.50 points on Tuesday.
The benchmark Hang Seng Index traded between 25,068.98 to 25, 188.31. Turnover totaled 64.47 billion HK dollars (about 8.32 billion U.S. dollars).
The Hang Seng China Enterprises Index rose 8.54 points, or 0.08 percent, to close at 11,124.33.
All of the four sub-indices lost ground. The Finance sub-index fell the most at 0.46 percent, followed by the Commerce & Industry sub-index, which moved down 0.34 percent, the Properties, 0.18 percent, the Utilities, 0.11 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, fell 0.36 percent to close at 83.40 HK dollars. Its local unit Hang Seng Bank dipped 0.08 percent to 132. 60 HK dollars. Bank of East Asia, another Hong Kong's major bank, lowered 0.59 percent to 33.45 HK dollars. Local bourse operator HKEX dropped 1.91 percent to 179.80 HK dollars.
Local developers closed higher in general. Hang Lung Properties added 0.78 percent to 25.90 HK dollars. Henderson Land, another major developer in Hong Kong, moved up 0.39 percent to 51.40 HK dollars. Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, retreated 0.27 percent to 147.60 HK dollars. Sun Hung Kai Properties added 0.42 percent to 118.20 HK dollars.
Mainland-based financial stocks closed mixed. Bank of China lost 0.27 percent to 3.68 HK dollars. Bank of Communications increased 1.04 percent to 5.81 HK dollars. China Construction Bank fell 0.17 percent to 5.91 HK dollars. ICBC dropped 0.38 percent to 5.24 HK dollars.
As for energy stocks, PetroChina surged 2.37 percent at 11.24 HK dollars. CNOOC climbed 0.65 percent to 15.40 HK dollars. Sinopec fell 0.75 percent to 7.98 HK dollars. (1 U.S. dollar equals 7.75 HK dollars)

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