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Roundup: HK stocks close 0.39 pct lower

Xinhua, March 24, 2015 Adjust font size:

Hong Kong stocks ended down 0.39 percent on Tuesday, with the benchmark Hang Seng index falling 94. 91 points to end at 24,399.60 points after trading between 24,294. 95 and 24,490.15.

Turnover totaled 89.74 billion HK dollars (about 11.56 billion U.S. dollars).

The Hang Seng China Enterprises Index fell 172.8 points, or 1. 42 percent, to close at 12,005.02.

Two sub-indices gained ground, with the Utility sub-index rising by 0.92 percent and the Properties 0.60 percent. The Finance fell 0.94 percent, while the Commerce and Industry lost 0. 15 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, closed down 0.4 percent to 67.10 HK dollars, while its local unit Hang Seng Bank rose 0.4 percent to 138.90 HK dollars. Local bourse operator HKEX decreased 0.7 percent at 180. 80 HK dollars.

Local developers Hang Lung Properties fell 0.2 percent to 21.35 HK dollars. Henderson Land, another major developer in Hong Kong, climbed 3.7 percent to 53.40 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka- shing, went up 0.5 percent to 150.40 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, retreated 1.4 percent to 6.38 HK dollars. ICBC, the world's largest bank by market value, slid 1.9 percent at 5.58 HK dollars. Bank of China lost 1.1 percent to 4.41 HK dollars.

PetroChina, the country's largest oil and gas producer, was down 1.6 percent to 8.17 HK dollars. (1 U.S. dollar equals 7.761 HK dollars) Endi