Roundup: Hong Kong stocks close down 1.06 pct

Hong Kong stocks dropped 270.34 points, or 1.06 percent, to close on Friday at 25,128.51 points.

The benchmark Hang Seng Index traded between 25,073.2 and 25, 279.95. Turnover totaled 78.36 billion HK dollars (10.11 billion U. S. dollars).

The Hang Seng China Enterprises Index moved down 155.45 points, or 1.31 percent, to close at 11,679.02 points.

Three of the four sub-indices lost ground. The Finance sub- index dropped 1.33 percent, followed by the Commerce & Industry 0. 92 percent and the Properties 0.85 percent, while the Utilities sub-index gained 0.02 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, fell 1.71 percent to 69.15 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, lost 0.46 percent to close at 32.55 HK dollars.

Local bourse operator HKEX dropped 1.08 percent to 220 HK dollars.

China Mobile, China's dominant mobile carrier, shrank 0.5 percent to 100.2 HK dollars. China Unicom, another Chinese telecom giant, dropped 1.06 percent to 11.22 HK dollars.

Local property stocks closed mixed. Sun Hung Kai, one of Hong Kong's largest property developer by market value, ended 1.13 percent lower at 122.6 HK dollars. Henderson Land fell 0.19 percent to 53.05 HK dollars. CKH Holdings climbed 0.18 percent to 114.6 HK dollars.

Mainland-based financial stocks moved down. Bank of China dropped 1.12 percent to close at 4.42 HK dollars. China Construction Bank lost 1.07 percent to 6.46 HK dollars. ICBC retreated 0.54 percent to 5.56 HK dollars. Bank of Communication dropped 1.11 percent to 7.12 HK dollars.

As for energy stocks, China's top refiner Sinopec shrank 1.15 percent to 6.03 HK dollars. PetroChina, the country's largest oil and gas producer, fell 1.01 percent to 7.84 HK dollars. CNOOC lost 1.11 percent to 9.8 HK dollars. Endi