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Roundup: Hong Kong stocks close 1.45 pct lower

Xinhua, January 18, 2016 Adjust font size:

Hong Kong stocks moved down 283.32 points, or 1.45 percent, to close at 19,237.45 points on Monday.

The benchmark Hang Seng Index traded between 19,195.56 and 19,439.49. Turnover totaled 75.03 billion HK dollars (about 9.62 billion U.S. dollars).

The Hang Seng China Enterprises Index moved down 101.47 points, or 1.23 percent, to close at 8,134.81 points.

Four sub-indices lost ground, with the Finance sub-index falling the most by 2.17 percent, followed by the Properties 1.36 percent, the Utilities 1.12 percent, and the Commerce and Industry 0.66 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, fell 3.12 percent to 54.35 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, slid 2.54 percent to close at 23 HK dollars.

Local bourse operator HKEX fell 1.65 percent to 172.5 HK dollars.

China Mobile, China's dominant mobile carrier, went down 0.44 percent to 80.1 HK dollars. China Unicom, another Chinese telecom giant, retreated 1.76 percent to 8.36 HK dollars.

Sun Hung Kai, one of Hong Kong's largest property developer by market value, closed down 3.38 percent to 84.35 HK dollars. Henderson Land ended 0.24 percent lower at 41.65 HK dollars.

Mainland-based financial stocks ended lower. Bank of China went down 1.65 percent to 2.99 HK dollars. China Construction Bank lost 1.69 percent to 4.65 HK dollars. ICBC closed down 1.73 percent to 3.98 HK dollars.

As for energy stocks, China's top refiner Sinopec moved down 0.25 percent to 4.02 HK dollars. PetroChina, the country's largest oil and gas producer, retreated 2.06 percent to 4.29 HK dollars. Endit