Roundup: Hong Kong stocks close 0.35 pct lower

Hong Kong stocks moved down 86.69 points, or 0.35 percent, to close on Tuesday at 24,750.07 points.

The benchmark Hang Seng Index traded between 24,673.93 and 24, 808.30. Turnover totaled 57.96 billion HK dollars (about 7.47 billion U.S. dollars).

The Hang Seng China Enterprises Index ended up 4.71 points, or 0.04 percent, to close at 12,046.20.

All of the four sub-indices lost ground. The Properties sub- index fell the most at 0.59 percent, followed by the Finance at 0. 56 percent, the Commerce & Industry at 0.08 percent, the Utilities at 0.01 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, plunged 3.54 percent to 69.45 HK dollars. Bank of East Asia, another major bank in Hong Kong, fell 0.94 percent to 31.6 HK dollars.

Local bourse operator HKEX fell 0.06 percent to 177.5 HK dollars.

China Mobile, China's dominant mobile carrier, rose 1.05 percent to 105.9 HK dollars. China Unicom, another Chinese telecom giant, lowered 0.76 percent at 13.04 HK dollars.

Local property shares closed mixed. Sun Hung Kai, one of Hong Kong's largest property developer by market value, edged up 0.08 percent to 124 HK dollars. Cheung Kong properties, controlled by billionaire Li Ka-shing, lost 0.72 percent to 151.3 HK dollars. Hang Lung fell 0.45 percent to 22.05 HK dollars.

As for mainland-based financial stocks, Bank of China dropped 0. 23 percent at 4.4 HK dollars. Bank of Communications went down 1. 35 percent to 6.56 HK dollars. China Construction Bank closed flat at 6.45 HK dollars. ICBC ended flat at 5.7 HK dollars.

As for energy stocks, China's top refiner Sinopec fell 0.46 percent to 6.42 HK dollars. PetroChina, the country's largest oil and gas producer, lost 0.9 percent to 8.81 HK dollars. CNOOC fell 0.9 percent to 10.96 HK dollars (1 U.S. dollar equals 7.75 HK dollars) Endi