HONG KONG, June 20 (Xinhua) -- Hong Kong stocks ended 2.88 percent lower on Thursday, with the benchmark Hang Seng index falling 604.02 points to end at 20,382.87 points, after trading between 20,374.14 and 20,703.76. Turnover totaled 75.34 billion HK dollars (about 8.15 billion U.S. dollars).
The Hang Seng China Enterprises Index fell 319.24 points, or 3.33 percent, to close at 9,265.30.
All of the four sub-indices lost ground, with the Properties sub-index falling the most by 3.60 percent, followed by the Finance 2.97 percent, the Commerce and Industry 2.65 percent and the Utility 2.15 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, fell 2.7 percent to 81.50 HK dollars, while its local unit Hang Seng Bank closed 2.2 percent lower at 115.30 HK dollars. Bank of East Asia, another Hong Kong's major bank, closed down 2.5 percent at 27.55 HK dollars. Local bourse operator HKEX lost 0.8 percent to 121.10 HK dollars.
Local developers Hang Lung Properties was down 2.2 percent at 26.85 HK dollars. Henderson Land, another major developer in Hong Kong, decreased 1.7 percent to 45.25 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, slid 3.6 percent to 102.10 HK dollars.
As for mainland-based financial stocks, China Construction Bank, the country's second largest bank which accounts for the third largest weighting of the Hang Seng Index, declined 5.2 percent at 5.15 HK dollars. ICBC, the world's largest bank by market value, retreated 3.8 percent at 4.57 HK dollars. Bank of China fell 2.8 percent to 3.08 HK dollars. Bank of Communications, China's fifth biggest lender measured by assets, dropped 2.9 percent to 5.32 HK dollars.
As for energy stocks, China's top refiner Sinopec lost 3.9 percent to 5.37 HK dollars. PetroChina, the country's largest oil and gas producer, ended down 2.6 percent at 8.22 HK dollars. (1 U. S. dollar equals 7.761 HK dollars)
Shocking! Hairy stocking to beat sex harassment
Feedback
RSS
