HK stocks close down 1.01 pct, banks lead

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Thu Nov 12, 2009 3:09am EST

 HONG KONG, Nov 12 (Reuters) - Hong Kong stocks retreated 1.01
percent on Thursday, ending a four-day rally with banks leading
losses and property issues under pressure.
 HSBC (0005.HK) lost 1.12 percent to HK$92.95 after rising as
much as 6.2 percent to a 13-month high in the previous session,
while ICBC (1398.HK) shed 1.03 percent to HK$6.71. Property
shares declined, with Henderson Land (0012.HK) slipping 1.95
percent and Wharf Holdings (0004.HK) declining 3.67 percent.
 The benchmark Hang Seng Index closed down 229.64 points at
22,397.57.
 The China Enterprises Index of top locally listed mainland
Chinese stocks .HSCE fell 1.01 percent to 13,324.99.
 (US$1=HK$7.75)
 (Reporting by Donny Kwok; editing by Jonathan Hopfner)































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