Roundup: HK stocks close 1.02 pct lower

Hong Kong stocks fell 1.02 percent on Friday, with the benchmark Hang Seng index losing 247. 39 points to end at 24,103.52, after trading between 24,086.21 and 24,253.09.

Turnover totaled 94.92 billion HK dollars (about 12.24 billion U.S. dollars).

The Hang Seng China Enterprises Index fell 114 points, or 0.93 percent, to close at 12,076.74.

The Properties sub-index lost 1.04 percent, the Commerce and Industry fell by 1.73 percent, the Utility ended 0.13 percent lower while the Finance sub-index went down by 0.52 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, closed lower at 70.02 HK dollars, with its local unit Hang Seng Bank loosing 0.15 percent to 130.60 HK dollars. Local bourse operator HKEX shed 0.44 percent to finish at 177.40 HK dollars.

Local developers Hang Lung Properties grew 0.23 percent to 21. 25 HK dollars. Henderson Land, another major developer in Hong Kong, closed flat at 54.05 HK dollars, and Cheung Kong Holding came down 1.05 percent to 141.10 HK dollars.

As for mainland-based financial stocks, China Construction Bank, the country's second largest bank which accounts for the third largest weighting of the Hang Seng Index, sank 1.08 percent to 6. 38 HK dollars. ICBC, the world's largest bank by market value, went down 1.04 percent to 5.68 HK dollars. Bank of China retreated 0.67 percent to 4.44 HK dollars. (1 U.S. dollar equals 7.761 HK dollars) Endi