Hong Kong stocks moderately lower after typhoon Usagi

Hong Kong's benchmark Hang Seng Index fell 130.97 points, or 0.56 percent to close at 23,371.54 points on Monday, after super typhoon Usagi battered south China over night. Turnover totaled 44.01 billion HK dollars (about 5.67 billion U.S. dollars). The Hang Seng China Enterprises Index lowered 51.82 percent, or 0.48 points, to close at 10,717.72. Stocks fell across the board. The Properties sub-index dropped 1 percent, the Finance lost 0.9 percent, the Utilities dipped 0.3 percent while the Commerce & Industry shed 0.06 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, fell 1.88 percent to 86.30 HK dollars. Its local unit Hang Seng Bank lost 0.78 percent at 126.60 HK dollars. Local bourse operator HKEX fell 1.07 percent to 129 HK dollars. Cheung Kong Holdings, a powerful Hong Kong-based developer controlled by billionaire Li Ka-shing, lost 1.47 percent at 121 HK dollars. SHK Properties went down 1.38 percent to end at 107.20 HK dollars. Henderson Land, another major developer in Hong Kong, fell 0.91 percent to 49.20 HK dollars. Industrial and Commercial Bank of China edged up 0.18 percent to close at 5.60 HK dollars. China Construction Bank fell 0.81 percent at 6.16 HK dollars and Bank of China fell 0.27 percent to 3.64 HK dollars. PetroChina lost 0.9 percent to 8.85 HK dollars. Sinopec lost 0. 96 percent to end at 6.19 HK dollars. (1 U.S. dollar = 7.76 HK dollars)