Hong Kong stocks close 0.07% lower

Hong Kong stocks fell slightly by 15.46 points, or 0.07 percent, to close at 21,960.64 points on Tuesday. The benchmark Hang Seng Index traded between 21,892.20 and 22, 022.14. Turnover totaled 72.95 billion HK dollars (about 9.40 billion U.S. dollars), down from Monday's 88.57 billion HK dollars. The Hang Seng China Enterprises Index fell 28.61 points, or 0. 29 percent, to close at 9,763.97. The sub-indices fell except for the Commerce & Industry, which went up slightly by 0.50 percent. The Utilities sub-index fell by 0.73 percent, followed by the Finance at 0.50 percent and the Properties at 0.05 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, closed 0.24 percent lower at 81.90 HK dollars. Its local unit Hang Seng Bank closed down 0.25 percent at 121.00 HK dollars. Bank of East Asia, another Hong Kong's major bank, tumbled 1.01 percent at 29.55 HK dollars. Local bourse operator HKEX lost 0.65 percent to 121.80 HK dollars. As for local developers, Cheung Kong Holding, a powerful HK- based developer owned by billionaire Li Ka-shing, went up 1.12 percent to 117.00 HK dollars. Henderson Land fell 0.47 percent to 42.35 HK dollars. Sun Hung Kai Properties, another major developer, lost 0.05 percent to 96.15 HK dollars. Hang Lung Properties was down 2.83 percent to 22.35 HK dollars. Mainland-based financial stocks were flat in general. ICBC and Bank of China remained the same price of Monday, at 4.67 and 3.25 HK dollars. China Construction Bank retreated 0.38 percent to 5.28 HK dollars. Bank of Communications closed up 0.40 percent to 5.02 HK dollars. As for energy stocks, PetroChina was down 0.65 percent at 7.69 HK dollars. CNOOC fell 0.49 percent to 12.16 HK dollars. Sinopec lost 0.64 percent to 6.18 HK dollars (1 U.S. dollar equals 7.76 HK dollars).