Roundup: Hong Kong stocks close 1.72 pct lower

Hong Kong stocks moved down 385.32 points, or 1.72 percent, to close at 22,010.82 points on Monday.

The benchmark Hang Seng Index traded between 21,958.28 and 22,127.38. Turnover totaled 76.95 billion HK dollars (about 9.93 billion U.S. dollars).

The Hang Seng China Enterprises Index retreated 1.99 percent, or 202.77 points, to close at 9978.7 points.

All of the four sub-indices lost ground. The Commerce & Industry Properties dropped the most by 1.89 percent, followed by the Finance 1.75 percent, the Properties 1.5 percent and the Utilities 0.61 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, dipped 1.06 percent to 60.4 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, moved down 1.25 percent to close at 27.65 HK dollars.

Local bourse operator HKEX edged down 1.62 percent to 207 HK dollars.

Local developers were generally lower. Sun Hung Kai, one of Hong Kong's largest property developer by market value, closed at 96.75 HK dollars, up 0.21 percent. Henderson Land slid 1.26 percent to 47.15 HK dollars. CKH Holdings ended at 101 HK dollars, down 1.27 percent.

Mainland-based financial stocks ended lower. Bank of China dropped 1.44 percent to close at 3.43 HK dollars. China Construction Bank went down 1.84 percent to 5.34 HK dollars. Industrial and Commercial Bank of China, the nation's largest lender, dropped 1.05 percent to 4.7 HK dollars.

Energy stocks posted lackluster performances. China's top refiner Sinopec dipped 2.94 percent to 4.96 HK dollars. PetroChina, the country's largest oil and gas producer, lost 3.69 percent to 5.48 HK dollars.

China Mobile, China's dominant mobile carrier, edged down 1.1 percent to 89.55 HK dollars. China Unicom, another Chinese telecom giant, lost 1.1 percent to 9.88 HK dollars. (1 U.S. dollar equals to 7.75 HK dollars) Enditem