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Hong Kong stocks finish 1.08% lower
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20:04, September 14, 2009

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Hong Kong share prices closed 1.08 percent lower Monday as regional markets declined on Wall Street losses and profit-taking in financial stocks.

The blue-chip Hang Seng Index fell 229.22 points, or 1.08 percent, to 20,932.20, after closing at its highest level in more than a year last Friday. It traded between 20,821.59 and 21,045.00.

Turnover fell to 50.87 billion HK dollars (about 6.57 billion U.S. dollars) compared with last Friday's 61.05 billion HK dollars (about 7.89 billion U.S. dollars).

Regional markets such as China, Japan and Australia also fell on Monday followed the moving down from Wall Street Friday.

Heavyweight HSBC fell 0.89 percent to 83.85 HK dollars Monday, ICBC dropped 0.5 percent to 5.93 after rising 0.8 percent in the previous session, and China Life Insurance fell 1.58 percent to 34.30 HK dollars.

Crude oil prices extended heavy pre-weekend loss and sank on Monday, leading to a decline to oil companies.

PetroChina fell 1.75 percent to 9.17, while Cnooc tumbled 2.0 percent to 10.80 HK dollars.

Among blue chips, Cheung Kong fell 0.82 percent to 96.35 HK dollars, Hang Seng Bank moved down 1.06 percent to 112.40, while Henderson Land fell 1.18 percent to 50.45 HK dollars.

New World development also moved down 1.89 percent to 16.60 HK dollars.

Tencent rose 0.71 percent to 126.90 HK dollars to become one of the blue chips finished higher on Monday.

Hutchison also moved up 0.61 percent to 57.35 HK dollars, as well as BOC Hong Kong who finished 0.47 higher at 16.94 HK dollars.

Source: Xinhua

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