HONG KONG Jan 24 Hong Kong shares slipped for a
second-straight day on Thursday, falling further away from chart
resistance that had stymied gains for about a week, with Apple
Inc's suppliers hit after the tech giant reported underwhelming
The Hang Seng Index closed down 0.2 percent at
23,598.9, slipping further from resistance at about 23,708, the
high of May 31, 2011. The China Enterprises Index of the
top Chinese listings in Hong Kong shed 0.6 percent.
The CSI300 of the top Shanghai and Shenzhen
listings closed down 1 percent, reversing gains of as much as 2
percent in early trade. The Shanghai Composite Index
shed 0.8 percent as bourse volume hit the highest since Jan 15.
* Shares of Apple Inc's suppliers were hit after
Apple missed revenue expectations for a third straight quarter
as sales of its flagship iPhone came in below Wall Street's
expectations. AAC Technologies tumbled 6 percent.
* China Mobile slid 2.2 percent to a two-month low
after JP Morgan analysts downgraded its rating on the stock from
"neutral" to "underweight," expecting the country's largest
mobile operator to post its first negative year-on-year earnings
change for 2013.