Hong Kong - XINHUA
Hong Kong stocks ended 0.57 percent higher on Tuesday, with the benchmark Hang Seng index rising 130.18 points to end at 22,834.68 points after trading between 22,758.02 and 22,914.17. Turnover totaled 52.50 billion HK dollars (about 6.77 billion U. S. dollars). The Hang Seng China Enterprises Index fell 31.07 points, or 0. 31 percent, to close at 9,884.22. Three sub-indices gained ground, with the Commerce and Industry sub-index rising the most by 1.17 percent, followed by the Finance 0.22 percent and the Properties 0.06 percent. The Utility fell 0. 06 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, closed 0.5 percent higher at 82.45 HK dollars, while its local unit Hang Seng Bank closed up 0.1 percent at 126. 00 HK dollars. Bank of East Asia, another Hong Kong's major bank, was up 0.3 percent at 32.75 HK dollars. Local bourse operator HKEX lost 0.6 percent to 139.60 HK dollars. Local developers Hang Lung Properties sank 0.2 percent to 23.60 HK dollars. Henderson Land, another major developer in Hong Kong, grew 0.1 percent to 48.60 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, was up 1.1 percent to 135.60 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, decreased 0.7 percent to 5.46 HK dollars. ICBC, the world's largest bank by market value, climbed 0.4 percent to 4.84 HK dollars. Bank of China added 0.3 percent to 3.52 HK dollars. Bank of Communications, China's fifth biggest lender measured by assets, grew 0.4 percent to 5.00 HK dollars. PetroChina, the country's largest oil and gas producer, ended flat at 9.28 HK dollars. (1 U.S. dollar equals 7.761 HK dollars)