HK shares close lower on Wall Street's decline

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Tracking loss in U.S. market overnight, Hong Kong stocks fell 53.63 points, or 0.23 percent, to close at 23,261.61 on Thursday, falling on the seventh consecutive session.

The benchmark Hang Seng Index traded between 23,348.33 and 23, 167.93. Turnover totaled 67.46 billion HK dollars (about 8.68 billion U.S. dollars).

The Hang Seng China Enterprises Index lost 58.83 points, or 0. 46 percent, to close at 12,807.76.

Three of the four sub-indices lost ground. The Commerce and Industry lost most, moving down 0.51 percent, followed by the Properties, dropping 0.22 percent, the Finance, 0.06 percent. The Utilities was up 0.39 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, moved down 0.12 percent to 83.85 HK dollars, and its local unit Hang Seng Bank ended flat at 120.8 HK dollars.

Bank of East Asia, another Hong Kong's major bank, moved up 1. 12 percent at 31.60 HK dollars. Local bourse operator Hong Kong Exchanges and Clearing fell 0.17 percent to 173.70 HK dollars.

Mainland-based lenders closed mixed. China Construction Bank lost 0.14 percent at 7.16 HK dollars. ICBC, the world's largest bank by market value, finished flat at 6.42 HK dollars. Bank of China closed 0.47 percent up at 4.24 HK dollars. Bank of Communications moved down 0.25 percent to 7.95 HK dollars.

Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, down 0.59 percent to 118.90 HK dollars. Sun Hung Kai Properties inched up 0.08 percent to 120.40 HK dollars, while Henderson Land ended flat at 51.25 HK dollars.

As for oil shares, the country's largest oil and gas producer PetroChina tumbled 2.58 percent to 10.56 HK dollars. China's top refiner Sinopec dropped 0.79 percent, to close at 7.51 HK dollars. CNOOC, the HK-listed unit of China's National Offshore Oil Corporation, plunged 2.02 percent to 18.40 HK dollars. (1 U.S. dollar = 7.771 HK dollars).

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