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HK stocks close down 0.3 pct; telecom plays weigh

Wed Oct 21, 2009 4:10am EDT

Stocks

   
 HONG KONG, Oct 21 (Reuters) - Hong Kong stocks closed down
0.30 percent on Wednesday, retreating from a 14-month high as
investors locked in profits after two straight gaining sessions
and telecommunications plays weighed on a weak earnings outlook.
 Index heavyweight China Mobile (0941.HK), the world's largest
mobile carrier, fell 1.9 percent, and China Telecom (0728.HK),
the country's top fixed-line phone company, lost 2.62 percent
after posting a sharp drop in quarterly profit.
 The benchmark Hang Seng Index .HSI eased 66.85 points to
22,318.11.
 The China Enterprises Index .HSCE of top locally listed
mainland Chinese stocks edged down 0.29 percent to 13,001.59.
 (Reporting by Donny Kwok; editing by Jonathan Hopfner)




























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