Hong Kong stocks close 1.45% higher

Hong Kong stocks went up 321.36 points, or 1.45 percent, to close on Tuesday at 22,453.89 points. The benchmark Hang Seng Index traded between 22,474.19 and 22, 099.20. Turnover totaled 61.18 billion HK dollars (about 7.89 billion U.S. dollars). The Hang Seng China Enterprises Index ended up 1.15 percent to close at 9,882.94. All four sub-indices ended higher with the Properties ended up 1.56 percent, the Finance closed up 1.70 percent. The Commerce and Industry ended up 1.09 percent and the Utilities closed up 1.91 percent. The Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, ended up 1.14 percent to 79.60 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, ended up 3.49 percent to 32.65 HK dollars. China Mobile, China's dominant mobile carrier, closed up 4.58 percent to 73.15 HK dollars, while another Chinese telecom giant China Unicom ended up 6.44 percent to 11.24 HK dollars. Local bourse operator HKEX moved up 1.83 percent to 139.30 HK dollars. For the local property stocks, Sun Hung Kai, HK's largest property developer by market value, ended up 1.65 percent to 98.55 HK dollars; Cheung Kong properties, owned by billionaire Li Ka- shing, ended up 0.30 percent to 135.70 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 up 1.50 percent to 5.4 HK dollars. ICBC, the world's largest bank by market value, ended up 1.08 percent to 4.67 HK dollars. Bank of China ended up 1.78 percent to 3.44 HK dollars. As for energy stocks, China's top refiner Sinopec ended up 0.29 percent to 6.92 HK dollars. PetroChina, the country's largest oil and gas producer, ended up 0.22 percent to 8.97 HK dollars. (1 U.S. dollar equals 7.75 HK dollar)