Roundup: Hong Kong stocks close 1.34 pct lower

Hong Kong stocks dropped 298.09 points, or 1.34 percent, to close on Tuesday at 21,905.13 points.

The benchmark Hang Seng Index traded between 21,765.62 and 22,058.55. Turnover totaled 76.27 billion HK dollars (9.84 billion U.S. dollars).

The Hang Seng China Enterprises Index fell 137.32 points, or 1.4 percent, to 9,660.87 points.

All of the four sub-indices lost ground. The Commerce & Industry sub-index dropped the most at 1.6 percent, followed by the Finance at 1.22 percent, the Properties at 1.18 percent and the Utilities at 0.79 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, retreated 1.38 percent to 60.85 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, lost 2.14 percent to close at 27.5 HK dollars.

Local bourse operator HKEX edged down 1.26 percent to 203.6 HK dollars.

China Mobile, China's dominant mobile carrier, lost 1.05 percent to 89.65 HK dollars. China Unicom, another Chinese telecom giant, fell 0.75 percent to 9.26 HK dollars.

Local property stocks were generally down. Sun Hung Kai, one of Hong Kong's largest property developer by market value, fell 1.09 percent to 95.55 HK dollars. Henderson Land lost 0.42 percent to 47.85 HK dollars. CKH Holdings slid 1.64 percent to 101.8 HK dollars.

Mainland-based financial stocks closed down. Bank of China retreated 0.87 percent to close at 3.41 HK dollars. China Construction Bank dropped 0.94 percent to 5.27 HK dollars. Bank of Communication went down 1.1 percent to 5.4 HK dollars. ICBC fell 0.86 percent to 4.63 HK dollars.

As for energy stocks, China's top refiner Sinopec dropped 2.78 percent to 4.55 HK dollars. PetroChina, the country's largest oil and gas producer, fell 2.21 percent to 5.3 HK dollars. CNOOC moved down 3.49 percent to 8.3 HK dollars. Endit