Roundup: Hong Kong stocks close 1.2 pct lower

Hong Kong stocks closed down 326. 76 points, or 1.2 percent to 26,989.52 points on Tuesday.

The benchmark Hang Seng Index traded between 26,971.57 and 27, 322.14. Turnover totaled 166.9 billion HK dollars (about 21.53 billion U.S. dollars).

The Hang Seng China Enterprises Index ended down 252.02 points, or 1.79 percent, to close at 13,861.96 points.

All of the four sub-indices lost ground. The Properties sub- index fell the most at 1.45 percent, followed by the Finance at 1. 21 percent, the Commerce & Industry at 1.12 percent, the Utilities at 1.02 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, lowered 0.4 percent to 73.25 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, fell 0.28 percent to close at 34.5 HK dollars.

Local bourse operator HKEX moved down 1.49 percent to 289.2 HK dollars.

China Mobile, China's dominant mobile carrier, lost 2.27 percent to 99 HK dollars. China Unicom, another Chinese telecom giant, tumbled 3.29 percent to 12.92 HK dollars.

Local property stocks closed down. Sun Hung Kai, one of Hong Kong's largest property developer by market value, fell 1.01 percent to 127.3 HK dollars. Henderson Land plunged 2.03 percent to 53 HK dollars. CKH Holdings lost 0.79 percent to 112 HK dollars.

Mainland-based financial stocks closed down. Bank of China retreated 0.56 percent to close at 5.32 HK dollars. China Construction Bank dropped 1.9 percent to 7.74 HK dollars. Bank of Communication was down 0.95 percent to 8.34 HK dollars. ICBC lost 1.19 percent to 6.61 HK dollars.

As for energy stocks, China's top refiner Sinopec fell 1.2 percent to 6.58 HK dollars. PetroChina, the country's largest oil and gas producer, lost 1.66 percent to 8.87 HK dollars. CNOOC dipped 0.34 percent to 11.72 HK dollars (1 U.S. dollar equals 7.75 HK dollars) Endi