HONG KONG, June 5 Hong Kong shares sank to their
lowest in six weeks on Wednesday, with Asian insurer AIA and
property developers among the biggest drags after senior U.S.
Federal Reserve officials fuelled jitters about a reduction of
its bond purchases.
The Hang Seng Index ended down 1 percent at 22,069.2
points, the lowest closing level since April 23. The China
Enterprises Index of the top Chinese listings in Hong
Kong slid 0.6 percent.
The Shanghai Composite Index closed down 0.1 percent
at 2,270.9. The CSI300 of the leading Shanghai and
Shenzhen A-share listings slipped 0.2 percent.
* Asia insurer giant AIA Group tumbled 3.4 percent
as investors took profit on the year's outperformers. Traders
cited a mainland news report citing AIA's China chief executive
as saying insurers face increasing competition from other
financial products in China.
* GCL Poly Energy jumped 6.1 percent after the
European Union imposed an initial 11.8 percent tariff on China
solar panel imports, far below the average 47 percent that had