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Roundup: Hong Kong stocks close 2.02 pct lower

Xinhua, April 20, 2015 Adjust font size:

Hong Kong stocks moved down 558. 19 points, or 2.02 percent, on Monday at 27,094.93 points.

The benchmark Hang Seng Index traded between 26,959.77 and 27, 770.79. Turnover totaled 211.01 billion HK dollars (about 22.85 billion U.S. dollars).

The Hang Seng China Enterprises Index ended down 425.33 points, or 2.93 percent, to close at 14,111.34.

All of the four sub-indices lost ground. The Commerce & Industry sub-index fell the most at 2.28 percent, followed by the Finance at 2.02 percent, the Properties at 1.51 percent, the Utilities at 0.98 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, moved down 0.14 percent to 70.45 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, fell 1.35 percent to close at 32.8 HK dollars.

Local bourse operator HKEX sank 3.88 percent to 272.6 HK dollars.

China Mobile, China's dominant mobile carrier, rose 0.09 percent to 107.8 HK dollars. China Unicom, another Chinese telecom giant, surged 2.34 percent to 14 HK dollars.

Local property stocks ended lower in general. Sun Hung Kai, one of Hong Kong's largest property developer by market value lowered 1.59 percent to close at 123.8 HK dollars. Henderson Land dropped 1.6 percent to 58.25 HK dollars. CKH Holdings ended flat at 164.5 HK dollars.

Mainland-based financial stocks were down. Bank of China lost 2. 6 percent to 5.24 HK dollars. China Construction Bank fell 2.1 percent to 7.45 HK dollars. Bank of Communication dropped 2.04 percent to 6.67 HK dollars. ICBC moved down 1.32 percent to 6.7 HK dollars.

As for energy stocks, China's top refiner Sinopec fell 2.42 percent to 6.84 HK dollars. PetroChina, the country's largest oil and gas producer, lost 6.12 percent to 9.97 HK dollars. CNOOC plunged 3.45 percent to 12.86 HK dollars (1 U.S. dollar equals 7. 75 HK dollars) Endi