HSI ends down 320 pts at 21,067; turnover at HK$60.7bn

    HK stocks closed sharply lower on Friday following the 210-point slide of the Dow overnight on poor corporate earnings. The benchmark index opened down 172 points at 21,215. It then saw its losses widen to 364 points as locally-listed Chinese companies also reported disappointing earnings.
  The Hang Seng Index ended down 320 points or 1.5% to 21,067. The H-share index fell 121 points or 1.3% to 8,939. Turnover reduced to HK$60.7 billion from HK$67.8 billion on Thursday.
  The local market will close on Monday for May Day holiday.
  The northbound quota balance of the "Shanghai-HK Connect" program was RMB12.519 billion, accounting for 96% of the daily allowed quota of RMB13 billion. The southbound quota balance was RMB9.961 billion, accounting for 95% of the daily allowed quota of RMB10.5 billion.
  Global research company IDC forecast worldwide tablet shipments to register decline of 14.7% for the first quarter, the sixth quarter of decline in a row. Lenovo (00992) plunged 3.6% to HK$6.17.
  Oil prices hit highs of 2016 for three consecutive days. PetroChina (00857) reported the worst quarterly loss of RMB13.8 billion since its IPO. It slid 3.6% to HK$5.71. Sinopec (00386) also fell 1.3% to HK$5.53 even though its 1Q earnings doubled. CNOOC (00883) dipped 2.3% to HK$9.66. Kunlun Energy (00135) slipped 3.4% to HK$6.76.
  HSBC (00005) dipped 0.8% to HK$51.8 ahead of its earnings report on Tuesday (3 May). Li & Fung (00494) slid 3.6% to HK$4.81. It was the worst blue chip today.