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Roundup: Hong Kong stocks close 3.18 pct lower

Xinhua, July 6, 2015 Adjust font size:

Hong Kong stocks closed down 827. 83 points, or 3.18 percent to 25,236.28 points on Monday, led by Greece's debt crisis.

Greeks voted overnight to reject demands by international creditors for more austerity measures, leading to worries that financial crisis be triggered in the country.

Eugene Law, Director of China Galaxy Securities' operation development unit, said the drop was mainly affected by liquidation, which lack a certain reason.

"Many securities traders balanced risks, some are worried about the development of A shares," Law said.

The benchmark Hang Seng Index traded between 24,750.31 and 26, 261.53. Turnover totaled 212.71 billion HK dollars (about 22.45 billion U.S. dollars).

The Hang Seng China Enterprises Index moved down 377.55 points, or 2.99 percent, to close at 12,231.43 points.

All of the four sub-indices lost ground. The Commerce & Industry sub-index fell the most at 3.66 percent, followed by the Finance at 3.19 percent, the Properties at 2.23 percent, the Utilities at 1.06 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, dropped 2.37 percent to 67.9 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, fell 2.2 percent to close at 33.2 HK dollars.

Local bourse operator HKEX plunged 9.54 percent to 235 HK dollars.

China Mobile, China's dominant mobile carrier, lost 3.55 percent to 96.4 HK dollars. China Unicom, another Chinese telecom giant, dropped 5.51 percent to 11.3 HK dollars.

Local property stocks tumbled. Sun Hung Kai, one of Hong Kong's largest property developer by market value, lowered 1.67 percent to 123.3 HK dollars. Henderson Land decreased 2.08 percent to 51.6 HK dollars. CKH Holdings lowered 3.45 percent to 108.9 HK dollars.

Mainland-based financial stocks slumped. Bank of China lost 3. 42 percent to close at 4.8 HK dollars. China Construction Bank fell 2.83 percent to 6.85 HK dollars. Bank of Communication went down 2.41 percent to 7.68 HK dollars. ICBC shed 1.61 percent to 6. 11 HK dollars.

As for energy stocks, China's top refiner Sinopec lowered 1.36 percent to 6.5 HK dollars. PetroChina, the country's largest oil and gas producer, decreased 1.84 percent to 8.51 HK dollars. CNOOC moved down 2.54 percent to 10.74 HK dollars. Endi