HK stocks closed moderately lower on Thursday in tandem with the US markets, with the benchmark index recovering losses to trade within the 20-day average near the close after the HSBC Flash China PMI rose to 50.4 in October from 50.2 in September.
The Hang Seng Index ended points down 70 to 23,333. The H-share index rose 11 points to 10,438. Turnover reduced to HK$50.6bn from HK$61.5bn on Wednesday.
Market heavyweights were mixed. China Mobile (00941) dipped 3.19% to HK$88.1, while HSBC (00005) edged up 0.49% to HK$78.
Oil majors were generally weaker as crude prices dropped to near US$80 on US inventory increase. CNOOC (00883) slid 1.58% to HK$12.44 while Sinopec (00386) nudged up 0.3% to HK$6.63. China Oilfield (02883) plunged 4.54% to HK$18.08.
China Unicom (00762) dropped 3.53% to HK$10.92 before its quarterly earnings announcement, making it the largest blue-chip loser on the day.
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