HK stocks end lower on slow U.S. manufacturing growth
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Xinhua, August 2, 2011
Hong Kong stocks ended lower on Tuesday, after a report showing the slowest U.S. manufacturing growth in two years.
Hong Kong stocks lost 241.91 points, or 1.07 percent, to close at 22,421.46. The benchmark Hang Seng Index traded between 22,387.92 and 22,623.22. Turnover totaled 66.595 billion HK dollars ( about 8.545 billion U.S. dollars).
The Hang Seng China Enterprises Index went down 261.62 points, or 2.09 percent, to close at 12,278.78.
All four sub-indices lost ground, with the Commerce and Industry going down the most by 1.16 percent, followed by the Finance 1.09 percent, the Properties 0.85 percent and the Utility 0.59 percent.
Most of the banks closed lower with the exception of heavyweight HSBC Holdings, which jumped 1.23 percent to 77.9 HK dollars. ICBC ended 3.51 percent lower at 5.78 HK dollars. Bank of China lost 1.93 percent to 3.56 HK dollars. China Construction Bank went down 1.9 percent to 6.18 HK dollars and Agricultural Bank of China suffered a 1.88 percent loss to 4.18 HK dollars.
Property heavyweights also closed lower generally. China Res Land dropped 3.85 percent to 15 HK dollars. SHK Prop lost 1.5 percent to 118 HK dollars and China Overseas closed at 17.58 HK dollars, losing 1.01 percent.
As for oil shares, China's top refiner Sinopec lost 2.06 percent to 7.62 HK dollars. The HK listed unit of China's National Offshore Oil Corporation, CNOOC, moved down 1.25 percent to 17.36 HK dollars. The country's largest oil and gas producer PetroChina dropped 0.89 percent to 11.12 HK dollars.
For other blue chips, China Shenhua went down 3.5 percent to 38.55 HK dollars and China Mobile closed at 77.4 HK dollars, losing 0.06 percent. (1 U.S. dollar = 7.793 HK dollars.)
