Hong Kong stocks end 1.32% lower

Hong Kong shares ended lower on Tuesday, with the weighted index falling 300.39 points, or 1.32 percent, at 22,519.69. The benchmark Hang Seng Index traded between 22,510.76 and 22, 769.07. Turnover totaled 67.96 billion HK dollars (about 8.76 billion U.S. dollars). The Hang Seng China Enterprises Index lost 229.88 points, or 2. 03 percent, to close at 11,104.10. Four sub-indices ended mixed. The Finance sub-index lost 1.82 percent. The Commerce & Industry fell 1.11 percent and the Properties shed 0.68 percent, while the Utilities sub-index rose 0. 61 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, fell 1.35 percent to 84.15 HK dollars, and its local unit Hang Seng Bank went down 1.21 percent at 122.8 HK dollars. As for Chinese mainland lenders, China Construction Bank, the country's second largest bank which accounts for the third largest weighting of the Hang Seng Index, fell 2.37 percent to 6.17 HK dollars. ICBC,The world's largest bank by market value, went down 1.99 percent at 5.41 HK dollars. Bank of Communications, China's fifth biggest lender measured by assets, lost 1.82 percent at 5.94 HK dollars. Local developers ended mixed. Hang Lung Properties fell 1.68 percent to 29.25 HK dollars. Cheung Kong Holding, a powerful HK- based developer controlled by billionaire Li Ka-shing, went up 0. 25 percent to 118.5 HK dollars. As for energy stocks, China's top refiner Sinopec lost 1.25 percent to 8.69 HK dollars. PetroChina, the country's largest oil and gas producer, went down 1.31 percent to 10.58 HK dollars. Power Assets Holdings was the best-performing blue chip in the day, with its shares rising 1.14 percent to 70.95 HK dollars. China Mer Hldgs was the worst-performing blue chip in the day, with its shares falling 3.43 percent to 26.75 HK dollars. (1 U.S. dollar equals to 7.76 HK dollars)