Hang Seng Index down 1.84% on Wed

Oct. 28, 2009 (China Knowledge) - Hong Kong stocks fell on Wednesday. The Hang Seng Index, the benchmark, opened 165 points lower at 22,004. After touching the intraday low of 21,740.33 points, the blue-chip Hang Seng Index fell 408.01 points or 1.84% to close at 21,761.58.

Mainboard turnover rose to HK$68.98 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 314.41 points or 2.39% to 12,831.18 points.

Market heavyweight HSBC Holdings Plc<0005><HBC>, which accounts for the largest weighting for the Hang Seng Index, decreased 1.25% to HK$86.8.

Property stocks were weak. SOHO China Ltd<0410> fell 3.57% to HK$4.32. Sun Hung Kai Properties<0016> went down 1.69% and closed at HK$116.2. Cheung Kong (Holdings) Ltd<0001> slid 2.83% to HK$99.4. Hutchison Whampoa Ltd<0013> fell 2.05% to HK$54.9. Hopson Development Holdings Ltd<0754> slid 0.7% to HK$14.24. Henderson Land Development Co Ltd<0012> fell 0.38% to HK$52.7. Agile Property Holdings Ltd<3383> slipped 5.79% to HK$10.42.

Auto stocks ended lower. Denway Motors Ltd<0203> fell 2.51% to HK$3.88. Great Wall Motor Co Ltd<2333> slid 1.38% to HK$8.56. Dongfeng Motor Group Co Ltd<0489> decreased 4.35% to HK$9.23. Sinotruk (Hong Kong) Ltd<3808> decreased 0.89% to HK9.97$. BYD Co Ltd<1211> slipped 4.28% to HK$81.65. China Motor Bus Co Ltd<0026> bucked the market trend and swelled 1.69% to HK$60.