Hong Kong stocks end 0.87% lower

Hong Kong shares ended lower on Tuesday, with the weighted index falling 200.22 points, or 0.87 percent, at 22,890.60. The benchmark Hang Seng Index traded between 22,879.18 and 23,262.02. Turnover totaled 69.14 billion HK dollars (about 8.91 billion U.S. dollars). The Hang Seng China Enterprises Index lost 143.68 points, or 1.26 percent, to close at 11,292.14. All the four sub-indices lost ground. The Utilities sub-index fell the most at 1.08 percent, followed by the Finance at 0.93 percent, the Commerce & Industry at 0.85 percent and the Properties at 0.54 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, lost 0.59 percent to 84.75 HK dollars, and its local unit Hang Seng Bank went down 1.15 percent at 129.5 HK dollars. Bank of East Asia, another Hong Kong's major bank, closed at 32.25 HK dollars without change. Chinese mainland lenders moved down. China Construction Bank, the country's second largest bank which accounts for the third largest weighting of the Hang Seng Index, fell 1.09 percent at 6.37 HK dollars. ICBC, the world's largest bank by market value, lost 1.08 percent at 5.49 HK dollars. Bank of Communications, China's fifth biggest lender measured by assets, decreased 1.66 percent at 5.94 HK dollars. Bank of China went down 0.54 percent at 3.66 HK dollars. Local developers ended mixed. Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, went down 1.51 percent to 117.4 HK dollars. Henderson Land, one of the major developers in Hong Kong, fell 2.27 percent to 51.6 HK dollars. Hang Lung Properties added 0.33 percent to 30.4 HK dollars. As for energy stocks, China's top refiner Sinopec lost 0.56 percent to 8.92 HK dollars. PetroChina, the country's largest oil and gas producer, went down 0.37 percent to 10.84 HK dollars. Tingyi was the best-performing blue chip in the day, with its shares rising 1.92 percent to 21.2 HK dollars. Esprit Hldgs was the worst-performing blue chip in the day, with its shares falling 3.59 percent to 9.68 HK dollars. (1 U.S. dollar equals to 7.76 HK dollars)