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Home International Markets

Hong Kong stocks tumble 136.63pts at end of trade

byCustoms Today Report
30/10/2015
in International Markets
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HONG KONG: Hong Kong stocks fell 136.63 points, or 0.6 percent, to close on Thursday at 22,819.94 points.

The benchmark Hang Seng Index traded between 22,811.32 and 23,054.53. Turnover totaled 70.72 billion HK dollars (9.13 billion U.S. dollars).

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The Hang Seng China Enterprises Index moved down 119.09 points, or 1.13 percent, to close at 10,439.38 points.

All of the four sub-indices lost ground. The Properties sub-index dropped the most at 1.2 percent, followed by the Utilities at 1.07 percent, the Finance at 0.57 percent, the Commerce & Industry at 0.39 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 0.41 percent to 61.1 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, closed flat at 29.05 HK dollars.

Local bourse operator HKEX gained 0.39 percent to 204.4 HK dollars.

China Mobile, China’s dominant mobile carrier, fell 1 percent to 93.55 HK dollars. China Unicom, another Chinese telecom giant, lost 0.93 percent to 9.49 HK dollars.

Local property stocks ended lower. Sun Hung Kai, one of Hong Kong’s largest property developer by market value, shed 1.22 percent to 105.2 HK dollars. Henderson Land decreased 1.36 percent to 50.45 HK dollars. CKH Holdings dropped 0.65 percent to 106.5 HK dollars.

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