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Oct. 2, 2009 (China Knowledge) - Hong Kong stocks fell on Friday following the overnight losses in the U.S.
The benchmark Hang Seng Index opened 575 points lower at 20,380. After touching the intraday low of 20,335.51 points, the blue-chip Hang Seng Index retreated 579 points or 2.77% to close at 20,375.49 points.
Mainboard turnover were HK$56.92 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, dropped 331.83 points or 2.8% to 11,526.23 points.
Bank stocks ended lower. Market heavyweight HSBC Holdings Plc<0005><HBC>, which accounts for the largest weighting for the Hang Seng Index, fell 3.78% to HK$86.50. Industrial and Commercial Bank of China<601398><1398>, the world's largest bank by market value, ended 2.74% lower at HK$5.68. Bank of China<601988><3988>, another Big Four Chinese bank, fell 2.70% to HK$3.97.
Shanghai-based real estate firm Glorious Property Holdings Ltd<0845>, tumbled as much as 14.8% from its IPO price to close at HK$3.75 on its first day of trading on the HKEx.
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