HONG KONG Nov 16 Hong Kong shares bounced off a
one-month low on Friday, helped by strength in defensive
counters, but still posted a second-straight weekly decline as
the market retreated further from 2012 highs marked earlier this
The Hang Seng Index ended up 0.2 percent on the day
but down 1.1 percent on the week at 21,159 points.
The China Enterprises Index of the top Chinese
listings in Hong Kong finished up 0.4 percent on Friday, but
down 2 percent on the week.
The CSI300 Index of the top Shanghai and Shenzhen
listings ended down 0.8 percent on the day and 2.8 percent on
the week at 2,177.2, its lowest close since early 2009.
The Shanghai Composite Index shed 0.8 percent on
Friday, and 2.6 percent this week.
* Chinese telcos were all broadly higher on the day, with
the two smaller sector players China Unicom and China
Telcom seeing their first daily gain this week, rising
2.9 and 4 percent respectively. China Mobile provided
the biggest single boost for the Hang Seng Index, rising 0.9
* Global supply chain manager, Li & Fung slumped
4.7 percent to its lowest since mid-October after one of its
major clients, Wal-Mart Stores Inc posted disappointing
quarterly sales on Thursday.