Roundup: Hong Kong stocks close 1.87 pct lower

Hong Kong stocks fell 420.62 points, or 1.87 percent, to close at 22,068.32 points on Friday.

The benchmark Hang Seng Index traded between 22,051.01 and 22,555.42. Turnover totaled 79.12 billion HK dollars (about 10.2 billion U.S. dollars).

The Hang Seng China Enterprises Index fell 2.5 percent, or 252.73 points, to close at 9,855.66 points.

All of the four sub-indices lost ground. The Properties sub-index fell the most at 2.32 percent, followed by the Commerce & Industry at 2.02 percent, the Finance at 1.72 percent, and the Utilities at 1.12 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, went down 0.4 percent to 62 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, fell 2.28 percent to close at 27.8 HK dollars. Local bourse operator HKEX fell 2.48 percent to 203.8 HK dollars.

Local developers moved down in general. Sun Hung Kai, one of Hong Kong's largest property developer by market value, lost 2.48 percent to close at 96.3 HK dollars. Henderson Land lowered 1.63 percent at 48 HK dollars. CKH Holdings moved down 1.65 percent at 101.2 HK dollars.

Mainland-based financial stocks closed mixed. Bank of China decreased 1.42 percent to close at 3.45 HK dollars. China Construction Bank fell 1.47 percent to 5.36 HK dollars. Industrial and Commercial Bank of China, the nation's largest lender, lost 1.88 percent at 4.69 HK dollars.

As for oil shares, CNOOC fell 2.74 percent to close at 8.51 HK dollars. China's top refiner Sinopec plunged 4.22 percent to 4.76 HK dollars. PetroChina, the country's largest oil and gas producer, lost 3.65 percent to 5.54 HK dollars. (1 U.S. dollar equals to 7.75 HK dollars) Endit