Hong Kong stocks end down 1.2%

Hong Kong stocks closed down 1.2 percent on Tuesday. The benchmark Hang Seng Index moved down 260.43 points to close at 21,354.66 points, after trading between a day high of 21,632.01 points and a day low of 21,307.99 points. Turnover expanded to 58.27 billion HK dollars (7.6 billion U.S. dollars) from Monday's 49.75 billion HK dollars. The H-Share Index moved down 167.23 points, or 1.65 percent, to end at 9,959.74 points. Banking giant HSBC ended down 1.07 percent at 83.6 HK dollars. China Mobile, China's dominant mobile carrier ended down 0.06 percent at 78.55 HK dollars. Mainland lenders listed in Hong Kong lost. ICBC, China's largest bank by market value, edged down 1.34 percent to close at 5.17 HK dollars; CCB, the country's second largest lender by market capitalization, ended down 1.31 percent at 6.02 HK dollars; BOC, one of the "big four", decreased 2.98 percent to close at 3. 26 HK dollars. For local property developers, Sun Hung Kai, HK's largest property developer by market value, ended down 2.33 percent at 96. 4 HK dollars; Cheung Kong properties, owned by billionaire Li Ka- shing, edged down 0.97 percent to 102.2 HK dollars. PetroChina, the country's largest oil and gas producer ended down 1.71 percent at 8.64 HK dollars. Sinopec, China's top refiner, ended down 0.53 percent to 5.66 HK dollars. China Life, one of the world's largest life insurers by market value, ended down 0.21 percent at 19.34 HK dollars.