Roundup: Hong Kong stocks close 1.1 pct lower

Hong Kong stocks closed down 295. 11 points, or 1.1 percent to 26,566.7 points on Tuesday.

The benchmark Hang Seng Index traded between 26,553.04 and 26, 892.88. Turnover totaled 123.15 billion HK dollars (15.89 billion U.S. dollars).

The Hang Seng China Enterprises Index dropped 369.83 points, or 2.71 percent, to 13,252.93 points.

All of the four sub-indices lost ground. The Finance sub-index declined the most at 1.31 percent, followed by the Commerce & Industry at 1.01 percent, the Properties at 0.81 percent, the Utilities at 0.15 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, retreated 0.9 percent to 71.95 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, lost 0.58 percent to close at 34.25 HK dollars.

Local bourse operator HKEX edged down 1.6 percent to 283 HK dollars.

China Mobile, China's dominant mobile carrier, retreated 1.1 percent to 99.2 HK dollars. China Unicom, another Chinese telecom giant, fell 1.1 percent to 12.52 HK dollars.

Local property stocks closed down. Sun Hung Kai, one of Hong Kong's largest property developer by market value, fell 0.7 percent to 125.4 HK dollars. Henderson Land lost 0.5 percent to 52. 75 HK dollars. CKH Holdings edged up 0.7 percent to 112.9 HK dollars.

Mainland-based financial stocks closed down. Bank of China slid 0.6 percent to close at 31.95 HK dollars. China Construction Bank fell 1.8 percent to 7.45 HK dollars. Bank of Communication went down 1.9 percent to 7.81 HK dollars. ICBC lost 1.99 percent to 6. 39 HK dollars.

As for energy stocks, China's top refiner Sinopec dropped 2.18 percent to 6.29 HK dollars. PetroChina, the country's largest oil and gas producer, shed 2.49 percent to 8.61 HK dollars. CNOOC moved down 2.6 percent to 11.26 HK dollars. Endi