Roundup: Hong Kong stocks close 1.07 pct lower

Hong Kong stocks moved down 265. 96 points, or 1.07 percent, to close on Thursday at 24,595.85 points.

The benchmark Hang Seng Index traded between 24,524.18 and 24, 739.22. Turnover totaled 89.48 billion HK dollars (about 11.55 billion U.S. dollars).

The Hang Seng China Enterprises Index ended down 227.55 points, or 1.90 percent, to close at 11,736.09.

All of the four sub-indices lost ground. The Finance sub-index fell the most at 1.59 percent, followed by Commerce and Industry at 0.7 percent, the Properties at 0.61 percent, and the Utilities dipped 0.07 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, closed flat at 73 HK dollars. Bank of East Asia, another major bank in Hong Kong, gained 1.1 percent to 32.25 HK dollars.

Local bourse operator HKEX fell 0.61 percent to 178.30 HK dollars.

China Mobile, China's dominant mobile carrier, ended flat at 103.40 HK dollars. China Unicom, another Chinese telecom giant, dropped 2.17 percent to 11.74 HK dollars.

Local property shares closed up. Sun Hung Kai, one of Hong Kong 's largest property developer by market value, rose 0.23 percent to 128.20 HK dollars. Cheung Kong properties, controlled by billionaire Li Ka-shing, edged up 0.07 percent to 145.40 HK dollars. Hang Lung added 0.22 percent to 22.75 HK dollars.

As for mainland-based financial stocks, Bank of China dropped 2. 25 percent to 4.35 HK dollars. Bank of Communications went down 2. 57 percent to 6.45 HK dollars. China Construction Bank fell 1.57 percent to 6.25 HK dollars. ICBC dropped 2.1 percent to 5.60 HK dollars.

As for energy stocks, China's top refiner Sinopec fell 1.12 percent to 6.17 HK dollars. PetroChina, the country's largest oil and gas producer, ended down 2.09 percent to 8.42 HK dollars. CNOOC fell 2.49 percent to 10.20 HK dollars (1 U.S. dollar equals 7.75 HK dollars) Endi