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Hang Sen wire mesh machine g Index down 0.31% on Fri

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Hang Sen wire mesh machine g Index down 0.31% on Fri
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Hang Seng Index down 0.31% on FriPublished: 16 Oct 2009 01:00:41 PST

Oct. 16, 2009 (China Knowledge) - Hong Kong stocks fell on Friday. The Hang Seng Index, the benchmark, opened 138 points higher at 22,138. After touching the intraday low of 21,899.17 points, the blue-chip Hang Seng Index fell 69.18 points or 0.31% to close at 21,929.9.

Mainboard turnover rose to HK$68.64 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 108.25 points or 0.84% to 12,751.46 points.

Market heavyweight HSBC Holdings Plc<0005><HBC>, which accounts for the largest weighting for the Hang Seng Index, increased 0.56% to HK$90.2.

China.com Inc<8006> surged 44.5% to HK$5.78. OP Financial Investments Ltd<1140> soared 37.08% to HK$1.22.

Airline stocks ended lower. Air China Ltd<601111><0753> fell 6.21% to HK$4.38. China Eastern Airlines Co Ltd<600115><0670><CEA> went down 5.31% and closed at HK$2.32. Cathay Pacific Airways Ltd<0293> fell 0.15% to HK$13.4.

Insurance stocks ended mixed. Top insurer China Life Insurance<601628><2628><LFC> rose 1.12% to HK$36; while smaller rival Ping An Insurance<601318><2318> slid 0.07% to HK$66.9. PICC Property & Casualty Co Ltd<2328> slipped 1.44% to HK$5.49. China Insurance International Holdings Co<0966> fell 2.02% to HK$24.3.