Roundup: Hong Kong stocks close 2.15 pct lower

Hong Kong stocks dropped 492.78 points, or 2.15 percent, to close on Friday at 22,396.14 points.

The benchmark Hang Seng Index traded between 22,318.62 and 22,519.33. Turnover totaled 82.73 billion HK dollars (10.67 billion U.S. dollars).

The Hang Seng China Enterprises Index fell 227.46 points, or 2.19 percent, to 10,181.47 points.

All of the four sub-indices lost ground. The Commerce & Industry sub-index dropped the most at 2.25 percent, followed by the Finance and Utilities at 2.14 percent respectively and the Properties at 1.85 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, retreated 2.48 percent to 61.05 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, lost 2.95 percent to close at 28 HK dollars.

Local bourse operator HKEX edged down 1.59 percent to 210.4 HK dollars.

China Mobile, China's dominant mobile carrier, lost 2.79 percent to 90.55 HK dollars. China Unicom, another Chinese telecom giant, fell 1.87 percent to 9.99 HK dollars.

Local property stocks were generally down. Sun Hung Kai, one of Hong Kong's largest property developer by market value, fell 2.22 percent to 98.95 HK dollars. Henderson Land lost 2.15 percent to 47.75 HK dollars. CKH Holdings slid 1.54 percent to 102.3 HK dollars.

Mainland-based financial stocks closed down. Bank of China retreated 1.42 percent to close at 3.48 HK dollars. China Construction Bank dropped 2.86 percent to 5.44 HK dollars. Bank of Communication went down 1.59 percent to 5.59 HK dollars. ICBC fell 2.46 percent to 4.75 HK dollars.

As for energy stocks, China's top refiner Sinopec dropped 4.84 percent to 5.11 HK dollars. PetroChina, the country's largest oil and gas producer, fell 4.05 percent to 5.69 HK dollars. CNOOC moved down 4.15 percent to 8.32 HK dollars. Endit