Hong Kong stocks close 0.59% lower

19:38, June 30, 2010      

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Hong Kong stocks Wednesday closed down 119.91 points, or 0.59 percent, at 20,248.90, tracking losses on Wall Street overnight.

The benchmark Hang Seng Index opened 1.3 percent lower at 19, 985.72 and fluctuated between 20,143.16 and 19,971.27 before closing the day's session.

Turnover totaled 55.55 billion HK dollars compared with Tuesday 's 59.05 billion HK dollars.

The Hang Seng China Enterprises Index fell 69.96 points, or 0. 61 percent, to close at 11,466.24.

Two of four sub-indices went down. The properties sub-index lost 1.19 percent, the finance down 1.15 percent. The utilities sub-index and the commerce and industry rose 0.75 percent and 0.1 percent respectively.

Heavyweight HSBC, down 1.09 percent to close at 72.65 HK dollars. Its local unit Hang Seng Bank retreated 0.48 percent to 104.60 HK dollars. China Mobile moved up 0.71 percent to 78.20 HK dollars.

Chinese mainland lenders closed down. Bank of China ended flat at 3.97 HK dollars, ICBC, fell 0.69 percent to 5.72 HK dollars, China Construction Bank, down 0.46 percent to 6.34 HK dollars, Bank of Communications, down 1.43 percent to 8.29 HK dollars.

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