Roundup: Hong Kong stocks close 0.94 pct lower

Hong Kong stocks dropped 267.34 points, or 0.94 percent, to close on Thursday at 28,133 points.

The benchmark Hang Seng Index traded between 27,997.9 and 28, 317.87. Turnover totaled 170.86 billion HK dollars (22.05 billion U.S. dollars).

The Hang Seng China Enterprises Index dropped 171.93 points, or 1.18 percent, to close at 14,431.11.

Three of the four sub-indices lost ground. The Commerce & Industry sub-index fell the most by 1.57 percent, followed by the Finance at 1.06 percent and the Utilities at 0.77 percent, while the Properties rose 1.72 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, moved down 0.65 percent to 76.95 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, lost 0.74 percent to close at 33.7 HK dollars.

Local bourse operator HKEX gained 1.02 percent to 296.6 HK dollars.

China Mobile, China's dominant mobile carrier, dropped 2.64 percent to 110.7 HK dollars. China Unicom, another Chinese telecom giant, lost 5.82 percent to 14.56 HK dollars.

Local property stocks ended higher in general. Sun Hung Kai, one of Hong Kong's largest property developer by market value edged up 0.62 percent to close at 129.1 HK dollars. Henderson Land rose 1.71 percent to close at 62.3 HK dollars. CKH Holdings ended 0.12 percent lower at 168.5 HK dollars.

Mainland-based financial stocks were down. Bank of China lost 3. 62 percent to 5.33 HK dollars. China Construction Bank fell 1.82 percent to 7.55 HK dollars. Bank of Communication retreated 0.13 percent to 7.97 HK dollars. ICBC dropped 1.89 percent to 6.74 HK dollars.

As for energy stocks, China's top refiner Sinopec moved down 0. 28 percent to 7.26 HK dollars. PetroChina, the country's largest oil and gas producer, lost 0.4 percent to 9.96 HK dollars. CNOOC moved up 0.61 percent to 13.14 HK dollars (1 U.S. dollar equals 7. 75 HK dollars) Endi