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HK stocks end down 1.02 pct


17:59, February 19, 2013

Hong Kong stocks closed down on Tuesday as concerns about possible measures of Chinese mainland to curb rising property prices grow.

The benchmark Hang Seng Index moved down 238.03 points to close at 23,143.91 points, after trading between a day high of 23,454.19 points and a day low of 23,139.08 points.

Turnover expanded to 65.11 billion HK dollars (8.39 billion U.S. dollars) from Monday's 51.28 billion HK dollars.

The H-Share Index moved down 209.52 points, or 1.79 percent, to end at 11,525.7 points.

Banking giant HSBC ended down 0.86 percent at 86.45 HK dollars. China Mobile, China's dominant mobile carrier ended down 0.53 percent at 85.2 HK dollars.

Mainland lenders listed in Hong Kong lost. ICBC, China's largest bank by market value, edged down 1.93 percent to close at 5.6 HK dollars; CCB, the country's second largest lender by market capitalization, decreased 1.84 percent to close at 6.39 HK dollars; BOC, one of the "big four", ended down 2.36 percent to close at 3.72 HK dollars.

For local property developers, Sun Hung Kai, HK's largest property developer by market value, ended down 1.14 percent at 121.9 HK dollars; Cheung Kong properties, owned by billionaire Li Ka-shing, edged down 0.08 percent to 123.3 HK dollars.

PetroChina, the country's largest oil and gas producer ended down 0.76 percent at 10.44 HK dollars. Sinopec, China's top refiner, ended up 0.91 percent to 8.84 HK dollars.

China Life, one of the world's largest life insurers by market value, ended down 3.26 percent at 23.75 HK dollars.

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