Hong Kong stocks end 0.27% higher

Hong Kong stocks rose 0.27 percent on Tuesday. The benchmark Hang Seng index closed up 59.93 points to end at 22,311.08 points, after trading between 22,088.56 and 22,346.27. Turnover totaled 64.10 billion HK dollars (about 8. 26 billion U.S. dollars).The Hang Seng China Enterprises Index fell 52.87 points, or 0. 48 percent, to close at 10,925.13.Three sub-indices gained ground, with the Properties sub-indice rising the most by 1.72 percent, followed by the Utility 0.58 percent and the Commerce and Industry 0.38 percent. The Finance fell 0.16 percent.Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, fell 0.5 percent to 82.90 HK dollars, while its local unit Hang Seng Bank closed flat at 123.90 HK dollars. Bank of East Asia, another Hong Kong's major bank, closed up 0.8 percent flat at 30.90 HK dollars. Local bourse operator HKEX lost 0.6 percent at 133.10 HK dollars.Local developers Hang Lung Properties ended up 0.9 percent at 29.05 HK dollars. Henderson Land, another major developer in Hong Kong, increased 5.5 percent to 52.75 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, closed up 2.3 percent to 113.20 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, rose 0.8 percent at 6.36 HK dollars. ICBC, the world's largest bank by market value, added 0.4 percent at 5.41 HK dollars. Bank of China closed down 0.3 percent to 3.55 HK dollars. Bank of Communications, China's fifth biggest lender measured by assets, went down 0.5 percent to 5.98 HK dollars.As for energy stocks, China's top refiner Sinopec lost 0.8 percent to 8.92 HK dollars. PetroChina, the country's largest oil and gas producer, ended up 0.4 percent at 10.18 HK dollars. (1 U.S. dollar equals 7.761 HK dollars)