Roundup: HK stocks close 1.06 pct lower

Hong Kong stocks ended lower on Friday with the benchmark Hang Seng index falling 1.06 percent to end at 27,260.16 points. Turnover totaled 158.46 billion HK dollars (about 20.42 billion U.S. dollars).

The Hang Seng China Enterprises Index fell 212.40 points, or 1. 5 percent, to close at 13,914.61.

Four sub-indices all lost ground, with the Properties sub-index and the Finance falling by 1.14 percent, followed by the Commerce and Industry 1.01 percent and the Utility 0.43 percent each.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, fell 0.9 percent at 73.10 HK dollars, while Hang Seng Bank closed down 1.0 percent to 153.80 HK dollars. Local bourse operator HKEX lost 0.7 percent at 292.00 HK dollars.

Local developers Hang Lung Properties retreated 0.6 percent to 24.05 HK dollars. Henderson Land, another major developer in Hong Kong, slip 2.7 percent to 55.40 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, closed flat at 114.30 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 1.5 percent to 7.79 HK dollars. ICBC, the world's largest bank by market value, was down 1.9 percent to 6.62 HK dollars. Bank of China closed lost 1.3 percent to 5.16 HK dollars.

PetroChina, the country's largest oil and gas producer, went down 1.7 percent to 8.91 HK dollars. (1 U.S. dollar equals 7.761 HK dollars) Endi