Hong Kong stocks close 1.47% lower

Hong Kong stocks fell 336.29 points, or 1.47 percent, to close at 22,500.67 points on Monday. The benchmark Hang Seng Index traded between 22,749.13 and 22, 487.23. Turnover totaled 66.84 billion HK dollars (about 8.61 billion U.S. dollars), down from Friday's 76.97 billion HK dollars. The Hang Seng China Enterprises Index fell 139.77 points, or 1. 41 percent, to close at 9,751.65. All of the four sub-indices lost ground, with the Properties sub-index losing the most by 1.9 percent, followed by and the Finance, 1.54 percent, the Commerce & Industry, 1.42 percent and the Utility, 0.43 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, closed 1.46 percent lower at 81.05 HK dollars. Its local unit Hang Seng Bank closed down 0.64 percent at 125 HK dollars. Bank of East Asia, another Hong Kong's major bank, was down 0.93 percent to 31.85 HK dollars. Local bourse operator HKEX lost 0.5 percent to 119.80 HK dollars. Local developers Hang Lung Properties slumped 2.32 percent to 21.05 HK dollars. Henderson Land, another major developer in Hong Kong, plunged 2.76 percent to 42.30 HK dollars. Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, was down 0.74 percent to 120.70 HK dollars. As for mainland-based financial stocks, Bank of China lost 1.23 percent to 3.22 HK dollars. Bank of Communications went down 1.61 percent to 4.90 HK dollars. China Construction Bank slid 1.31 percent to 5.26 HK dollars. ICBC lost 1.29 percent to 4.59 HK dollars. PetroChina fell 1.1 percent to 8.09 HK dollars. CNOOC lowered 1. 26 percent to 12.56 HK dollars. Sinopec plunged 2.03 percent to 6. 75 HK dollars. (1 U.S. dollar equals 7.761 HK dollars)