HK stocks down 1.11% on HSBC loss - July 18

HONG KONG -- Hong Kong stocks slumped on Wednesday as heavy weight HSBC moved down.

The benchmark Hang Seng Index moved down 215.45 points to close at 19,239.88 points, after trading between a day high of 19,452.24 points and a day low of 19,134.57 points.

Turnover shrank to HK$42.5 billion ($5.48 billion) from Tuesday's HK$42.68 billion.

The H-Share Index moved down 88.12 points, or 0.94 percent, to end at 9,292.55 points.

Banking giant HSBC edged down 2.06 percent to close at HK$66.55. China Mobile, China's dominant mobile carrier ended down 0.46 percent at HK$86.25.

Mainland lenders listed in Hong Kong declined. ICBC, China's largest bank by market value, edged down 1.22 percent to close at HK$4.05; CCB, the country's second largest lender by market capitalization, decreased 0.62 percent to close at HK$4.8; BOC, one of the "big four", ended down 0.36 percent at HK$2. 8.

For local property developers, Sun Hung Kai, HK's largest property developer by market value, moved up 0.16 percent to close at HK$96.1; Cheung Kong properties, owned by billionaire Li Ka-shing, edged down 0.69 percent to HK$100.1.

PetroChina, the country's largest oil and gas producer, closed down 0.84 percent to HK$9.5. Sinopec, China's top refiner, moved down 0.73 percent to HK$6.8.

China Life, one of the world's largest life insurers by market value, ended down 0.92 percent at HK$21.45.