At market close, Hang Seng Index ended at 22509, down 221 pts, or 1%; China Enterprises Index ended at 9905, down 125 pts, or 1.2%. The daily turnover equaled $57.103 billion.
CHINA MOBILE (00941.HK), making 9.4% decline in profit during the first quarter, closed 2.6% lower, barely above the $70 level. Its peer CHINA UNICOM (00762.HK) was also dragged down by 3%. Meanwhile, heavyweight HSBC HOLDINGS (00005.HK) declined 0.7% to $80.
TENCENT (00700.HK), bucking the downtrend, gained 0.9%, as it, together with Alibaba, reportedly may get into the first batch of private enterprises potential for brokerage licensing. Alibaba-related CITIC 21CN (00241.HK) CHINAVISION (01060.HK) soared 9.5% and 23.7%, respectively.
CHINA OVERSEAS (00688.HK) lost 3.5%, becoming the biggest loser of blue chips, on worries over RMB depreciation though JP Morgan had said the 25% growth in the first-quarter operating profit was in line with expectation.
Approaching the May Golden Week, SANDS CHINA LTD (01928.HK) and GALAXY ENT (00027.HK) gained 2.5% and 1.5%, as BofA Merrill Lynch had issued a report projecting the growth legend to continue.
AAStocks Financial News
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