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Roundup: Hong Kong stocks close 0.94 lower

Xinhua, March 10, 2015 Adjust font size:

Hong Kong stocks moved down 226. 07 points, or 0.94 percent, to close on Tuesday at 23,896.98 points.

The benchmark Hang Seng Index traded between 23,869.82 and 24, 152.40. Turnover totaled 76.91 billion HK dollars (about 9.91 billion U.S. dollars

The Hang Seng China Enterprises Index ended down 168.29 points, or 1.44 percent, to close at 11,507.63.

Three sub-indices lost ground with the Finance moved down 0.92 percent, the Commerce and Industry ended down 1.16 percent and the Properties moved down 0.72 percent. One sub-indice gained ground with the Utilities moved up 0.23 percent.

The Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, edged up 0.75 percent to 67.10 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, ended down 1.17 percent to 29.60 HK dollars.

Local bourse operator HKEX moved down 0.28 percent to 175.80 HK dollars.

China Mobile, China's dominant mobile carrier, rose 1.97 percent to 99.80 HK dollars, while another Chinese telecom giant China Unicom moved down 3.30 percent to 11.74 HK dollars.

For the local property stocks, Sun Hung Kai, one of HK's largest property developer by market value, ended down 0.67 percent to 119.30 HK dollars; Cheung Kong properties, owned by billionaire Li Ka- shing, rose 0.39 percent to 153.10 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, ended down 1.12 percent to 6.20 HK dollars.

ICBC, the world's largest bank by market value, moved down 0.92 percent with 5.43 HK dollars. Bank of China moved down 2.10 percent to 4.20 HK dollars.

As for energy stocks, China's top refiner Sinopec ended down 1. 13 percent to 6.13 HK dollars. PetroChina, the country's largest oil and gas producer, ended down 0.84 percent to 8.30 HK dollars. (1 U.S. dollar equals 7.76 HK dollars) Endit