HK stocks widen the down range to 173 pts

Hong Kong stocks dropped more sharply in the afternoon session. HSI went down 173 pts to stand at 13319 pts, on a turnover of HK$6 bln.Blue chips climbed up . China Mobile(0941) rose by HK$0.2 to stand at HK$37; HSBC(0005) fell by HK$0.527 to stand at HK$96.25. Hang Seng Bank(0011) narrowed its up range to HK$0.25 to stand at HK$89.25; The only powerful stock was Hongkong Electric(0006), increasing by HK$1.05 to stand at HK$29.55. The property stocks went down . New World Development(0017) dropped the most heavily to stand at HK$10.2, down HK$1.4, or 12%; Sun Hung Kai Properties(0016) fell from an initial up to stand at HK$75.75, down HK$0.25; Cheung Kong(0001) stood at HK$87, down HK$1.00; Henderson Land Development(0012) at HK$41.7, down HK$0.5.China Everbright International(0267) , which slumped yesterday , continued to fall by HK$0.65 to HK$23.15; Dao Heng Bank(0223) also dropped HK$1.5 to stand at HK$37.

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