Roundup: HK stocks close 1.31 pct lower

Hong Kong stocks ended lower on Tuesday, with the benchmark Hang Seng index falling 368.28 points, or 1.31 percent to end at 27,755.54 points. Turnover totaled 175. 59 billion HK dollars (about 22.63 billion U.S. dollars).

The Hang Seng China Enterprises Index fell 381.53 points, or 2. 64 percent, to close at 14,077.62.

Four sub-indices all lost ground, with the Finance sub-index falling the most by 1.82 percent, followed by the Properties 1.76 percent, the Commerce and Industry 0.64 percent and the Utility 0. 30 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, lost 1.0 percent at 74.85 HK dollars, while its local unit Hang Seng Bank fell 0.6 percent to 152.60 HK dollars. Local bourse operator HKEX slid 1.6 percent at 289.20 HK dollars.

Local developers Hang Lung Properties increased 0.2 percent to 25.35 HK dollars. Henderson Land, another major developer in Hong Kong, dropped 2.2 percent to 63.15 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, lost 1.8 percent to 166.40 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, went down 2.5 percent to 7.40 HK dollars. ICBC, the world's largest bank by market value, was down 2.5 percent to 6.52 HK dollars. Bank of China retreated 3. 2 percent to 5.12 HK dollars.

PetroChina, the country's largest oil and gas producer, ended down 1.1 percent to 9.93 HK dollars. (1 U.S. dollar equals 7.761 HK dollars) Endite