HSI ends down 226 pts at 21,612; turnover at HK$112.9bn

    HK stocks closed weaker on Friday despite the Dow registered the largest two-day gains of 6.3% since 2008. The Hang Seng Index (HSI) opened up 585 points at 22,424, which marked the intra-day high, and pared most of its gains afterwards. In afternoon session, the index staged an intra-day reversal.
  The HSI ended down 226 points or 1% to 21,612. The H-share index fell 112 points or 1.1% to 9,750. Turnover reduced to HK$112.9 billion from HK$122.43 billion on Thursday.
  The northbound quota balance of the "Shanghai-HK Connect" program was RMB15.41 billion, surpassing the daily allowed quota of RMB13 billion. It meant the sell trade value was
larger than buy order value. By market close, the southbound quota balance was RMB10.16 billion, accounting for 96.76% of the daily allowed quota of RMB10.5 billion.
  Chinese banks led the decline during the last 15 minutes of trading. Bankcomm (03328) ended down 4.7% to HK$5.64. ICBC (01398) slipped 4% to HK$4.52. CCB (00939) slipped 3.8% to HK$5.37. BOC (03988) declined 3.5% to HK$3.55.
  Crude oil surged more than 10% overnight, triggering early rally of oil majors. Kunlun Energy (00135) rose 3.24% to HK$5.41 after hitting a day high of HK$5.69. CNOOC (00883) edged up 0.2% to HK$9.24. It soared 12.6% at one stage to HK$10.38.
  Chinese auto makers were generally higher. Geely Auto (00175) soared 16% to HK$3.29. GreatWall Motor (02333) shot up 9.6% to HK$20.8. Dongfeng Motor (00489) surged 6.8% to HK$7.53. GAC Group (02238) rose 3.2% to HK$5.56.