Hong Kong stocks close 0.43% lower

Hong Kong stocks went down 97.48 points, or 0.43 percent, to close on Tuesday at 22,791.28 points. The benchmark Hang Seng Index traded between 22,883.00 and 22, 637.55. Turnover totaled 59.75 billion HK dollars (about 7.71 billion U.S.dollars). The Hang Seng China Enterprises Index ended down 33.24 points, or 0.33 percent, to close at 10149.22. Three sub-indices lost ground, with the Commerce and Industry closed down 0.48 percent,the Finance ended down 0.48 percent and the Properties ended down 0.13 percent. The Utilities ended up with 0.05 percent. The Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, ended down 1.05 percent with 85. 1 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, edged down 1.11 percent to 31.25 HK dollars. China Mobile, China's dominant mobile carrier, fell 0.39 percent to 77.5 HK dollars, while another Chinese telecom giant China Unicom dipped 1.1 percent to 10.84 HK dollars. Local bourse operator HKEX fell 0.47 percent to 126.3 HK dollars. For the local property stocks, Sun Hung Kai, HK's largest property developer by market value, ended down 0.31 percent at 96. 6 HK dollars; Cheung Kong properties, owned by billionaire Li Ka- shing, fell 0.33 percent to 119.7 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, ended down 0.72 percent with 5.54 HK dollars. ICBC, the world's largest bank by market value, ended down 0.4 percent to 4.93 HK dollars. Bank of China ended down 0.58 percent to 3.42 HK dollars. As for energy stocks, China's top refiner Sinopec edged up 0.17 percent to 5.88 HK dollars. PetroChina, the country's largest oil and gas producer, fell 0.75 percent to 7.97 HK dollars. (1 U.S. dollar equals 7.75 HK dollar)