Hang Seng Index finishes 1.93% lower at midday

Aug. 12, 2009 (China Knowledge) - Hong Kong stocks slipped 407.7 points or 1.93% to end the morning session at 20,666.51 points, with mainboard turnover standing at HK$39.05 billion.

The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock Exchange, slid 194.07 points to 11,794.72 points.

Market heavyweight HSBC Holdings Plc<0005><HBC>, which accounts for the largest weighting for the Hang Seng Index, fell 3.55% to HK$82.95.

Property stocks ended mixed in the morning session. SOHO China Ltd<0410> fell 1.78% to HK$4.41. Sun Hung Kai Properties<0016> went down 2% and closed at HK$112.5. Cheung Kong (Holdings) Ltd<0001> slid 0.31% to HK$96.9. Hutchison Whampoa Ltd<0013> rose 1.33% to HK$57. Hopson Development Holdings Ltd<0754> swelled 0.85% to HK$11.9. Henderson Land Development Co Ltd<0012> fell 3.18% to HK$48.65. Agile Property Holdings Ltd<3383> slipped 0.52% to HK$9.65.