HONG KONG Nov 20 Hong Kong shares closed lower
in thin trade on Tuesday, weighed by a weak mainland Chinese
market as investors took profits in Chinese consumer firms
following a series of underwhelming corporate earnings.
The Hang Seng Index closed down 0.2 percent at
21,228.3. The China Enterprises Index of the top Chinese
listings in Hong Kong shed 0.6 percent. Both indexes reversed
In the mainland, the CSI300 Index of the top
Shanghai and Shenzhen listings slid 0.5 percent to its lowest
close since March 2009. The Shanghai Composite Index
shed 0.4 percent.
* Markets pared gains after data showed China foreign direct
investment inflows fell 3.5 percent in the first 10 months of
the year from a year ago, extending the longest run of decline
in three years.
* The Chinese consumer sector was again slammed after GOME
Electrical Appliances posted late on Monday weak
third-quarter earnings, following the lead of Parkson Retail
Group and Tingyi Holdings. GOME and Tingyi
each declined 3.7 percent, while Parkson lost another 5.2
percent after diving 8.8 percent on Monday.
* Chinese internet giant Tencent Holdings rose 2.3
percent, rebounding from a two-month low set on Monday after
rival, Nasdaq-listed Sina Corp, soared 7.8 percent
overnight. Chinese media reported that Alibaba Group,
the country's largest e-commerce company, planned to buy a stake
in Sina's popular "Weibo" microblogging service.