HONG KONG Jan 16 Hong Kong shares ended
slightly lower on Tuesday as the market took a breather have
logged its highest showing in just over 1-1/2 years following
rally in the China market, with property shares leading the
slide ahead of the territory's policy address on Wednesday.
The Hang Seng Index closed down 0.14 percent at
23,381.51 points on Tuesday. The China Enterprises Index
of the top Chinese listings in Hong Kong edged up 0.03 percent.
The CSI300 index, which tracks the largest listed
firms in Shenzhen and Shanghai, closed up 0.7 percent at
2,595.9. The Shanghai Composite Index closed at 2,325.7
points, up 0.6 percent.
* Shares of China Taiping Insurance Holdings Co Ltd
rose 6.2 percent after the China's fifth-biggest
mainland insurer by market capitalisation said it was
considering acquiring an additional 25 percent stake in Taiping
Life Insurance from its parent company.
* Shares of Li & Fung Ltd remained under pressure
after Moody's changed the global supply chain manager's rating
outlook to negative, and Standard & Poor's Ratings Services puts
the company's "A-" Rating On CreditWatch Negative
, sending the stocks down to their lowest since
August 2011, before ending at HK$11.68, down 0.5 percent
Investors questioned the credibility of earnings guidance
from Li & Fung after it flagged a steep profit fall just two
months after an analyst briefing.