Roundup: Hong Kong stocks close 0.58 pct lower

Hong Kong stocks closed down 157. 90 points, or 0.58 percent to 27,249.28 points on Wednesday.

The benchmark Hang Seng Index traded between 27,191.03 and 27, 524.82. Turnover totaled 144.25 billion HK dollars (about 18.61 billion U.S. dollars).

The Hang Seng China Enterprises Index ended down 113.45 points, or 0.81 percent, to close at 13,859.55 points.

All of the four sub-indices lost ground. The Properties sub- index dropped the most at 1.1 percent, followed by the Utilities at 0.66 percent, the Finance at 0.59 percent and the Commerce & Industry at 0.4 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, dropped 0.53 percent to 74.75 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, dropped 1.18 percent to close at 33.25 HK dollars.

Local bourse operator HKEX went down 1.83 percent to 278.8 HK dollars.

China Mobile, China's dominant mobile carrier, lost 0.94 percent to 105.2 HK dollars. China Unicom, another Chinese telecom giant, rose 0.38 percent to 13.96 HK dollars.

Local property stocks went down in general. Sun Hung Kai, one of Hong Kong's largest property developer by market value, retreated 0.53 percent to 129.2 HK dollars. Henderson Land moved down 0.4 percent to 61.95 HK dollars. CKH Holdings fell 0.18 percent to 161.7 HK dollars.

Mainland-based financial stocks closed lower. Bank of China fell 0.78 percent to close at 5.07 HK dollars. China Construction Bank grew 0.68 percent to 7.35 HK dollars. Bank of Communication slipped 0.91 percent to 7.55 HK dollars. ICBC fell 0.46 percent to 6.47 HK dollars.

As for energy stocks, China's top refiner Sinopec lowered 0.57 percent to 6.9 HK dollars. PetroChina, the country's largest oil and gas producer, added 0.21 percent to 9.42 HK dollars. CNOOC moved increased 0.31 percent to 12.78 HK dollars (1 U.S. dollar equals 7.75 HK dollars) Endi