HONG KONG Jan 14 Hong Kong shares ended higher
on Monday, with financials and property stocks leading gains,
although global exporter Li & Fung Ltd tumbled 15
percent after a profit warning.
The Hang Seng Index closed up 0.6 percent at
23,413.26 points. The China Enterprises Index of the top
Chinese listings in Hong Kong climbed 1.4 percent.
Hong Kong markets were also buoyed by a rise in China shares
to their best close since June.
The CSI300 of the top Shanghai and Shenzhen
A-shares closed up 3.8 percent at 2,577.7 points, after slipping
1.6 percent last week. The Shanghai Composite Index
closed up 3.1 percent at 2,311.7, after losing 1.5 percent last
* Shares of Li & Fung Ltd fell to a three-month
low after the global supply chain manager warned of a steep drop
in core operating profit, taking investors by surprise and
triggering concern over its ability to reach a three-year
* GCL-Poly Energy Holdings Ltd fell 4.3 percent
after the China's largest polysilicon and wafer maker expected
to record a substantial loss in 2012 due to anti-dumping and
countervailing duties imposed by the U.S., and impairment and
provisions against inventory and production facilities.
* Shares of Citic Telecom International Holdings Ltd
surged 13 percent after striking a $1.2 billion deal
to gain control of a Macau telecommunications company from Cable
& Wireless Communications Plc and Portugal Telecom SGPS