Hong Kong shares weaken

Hong Kong shares tracked Asian markets lower as energy and finance stocks led the decline. At close of trade, the Hang Seng index was down 245.18 points or 0.75 percent at 32,642.09. The Hang Seng China Enterprises index fell 0.94 percent to 13,434.14. The sub-index of the Hang Seng tracking energy shares dipped 0.9 percent while the IT sector dipped 0.77 percent, the financial sector was 1.03 percent lower and property sector rose 0.27 percent. The top gainer on the Hang Seng was China Resources Land Ltd up 4.01 percent, while the biggest loser was Want Want China Holdings Ltd, down 3.47 percent.
As of the previous trading session, the Hang Seng index was up 9.92 percent this year, while China's H-share index was up 15.8 percent. The top gainers among H-shares were Industrial and Commercial Bank of China Ltd up 0.27 percent, followed by China Vanke Co Ltd gaining 0.26 percent and China Citic Bank Corp Ltd up by 0.16 percent. The three biggest H-shares percentage decliners were CITIC Securities Co Ltd which was down 4.52 percent, Guangzhou Automobile Group Co Ltd which fell 4.3 percent and New China Life Insurance Co Ltd down by 3.5 percent.
About 2.85 billion Hang Seng index shares were traded, roughly 114.7 percent of the market's 30-day moving average of 2.49 billion shares a day. The volume traded in the previous trading session was 3.42 billion.