Hong Kong stocks end lower after Wall Street declines

19:00, January 18, 2010      

Email | Print | Subscribe | Comments | Forum 

Hong Kong stocks ended lower Monday after a sharp decline on Wall Street, with the benchmark index down 0.90 percent, or 194.15 points, to close at 21,460.01.

The Hang Seng Index opened 1.09 percent lower at 21,418.34 in the morning. It moved between 21,320.97 and 21,645.68 during the session. Turnover fell to 69.04 billion HK dollars (about 8.90 billion U. S. dollars) from Friday's 84.28 billion HK dollars.

Analysts said they expected the weighted index to come under further pressure in the next few sessions and to find near-term support at 21,000.

The Hang Seng China Enterprises Index shed 66.62 points, or 0. 54 percent, to close at 12,290.26.

All of the four major stock categories lost ground. The finance sub-index fell 0.40 percent, the utilities down 0.11 percent, the properties dropped 0.37 percent, and the commerce and industry, 1. 79 percent.

Market heavyweight HSBC edged down 1.45 HK dollars, or 1.60 percent, to close at 89.25 HK dollars, and China Mobile slid 2.54 percent to close at 76.90 HK dollars.

The leading Chinese mainland commercial lenders ended mixed. Bank of China declined 1.50 percent to 3.93 HK dollars. China Construction Bank gained 0.49 percent to 6.17 HK dollars and ICBC rose 0.86 percent to 5.87 HK dollars. Bank of Communications added 1.02 percent to 8.88 HK dollars.

Oil shares were losers, with PetroChina going down 1.26 percent, offshore oil producer CNOOC down 1.95 percent and Sinopec, 0.61 percent.

As for local developers, Cheung Kong, the flagship of Hong Kong's richest man Li Ka-shing, went up 1.59 percent to 99.15 HK dollars. Sun Hung Kai Properties, the largest residential housing developer in Hong Kong, fell 1.18 percent to close at 108.60 HK dollars. Henderson Land was 1.60 percent lower at 55.20 HK dollars. (7.753 HK dollars = 1 U.S. dollar)

Source: Xinhua
  • Do you have anything to say?


Special Coverage
Major headlines
Editor's Pick
  • Lion palys with his favourite football
  • Singer Na Ying hits Macao
  • Fairy Tale Festival held in Shenzhen
  • Booster of Long-March-3III rocket falls; 100,000 evacuated
  • No pants subway ride in Guangzhou
  • China's Zheng beats Peng 2-1 in Australian Open
Most Popular
Hot Forum Dicussion