HONG KONG Aug 15 Hong Kong shares ended flat on
Thursday, as weakness in the local property sector offset an
11.6 percent surge for Li & Fung as investors covered short bets
on hopes that the worst is over for the exporter.
The Hang Seng Index ended flat at 22,539.3 points
after closing on Tuesday at its highest since May 29. The China
Enterprises Index of the top Chinese listings in Hong
Kong rose 0.2 percent.
Both pared gains on re-emerging uncertainty over when the
U.S. Federal Reserve will pare its stimulus, which weighing on
property and financial shares. The gain for Li & Fong
on Thursday was its biggest since April 2009.
Bourse turnover was at its heaviest since June 26 as
investors returned to the markets after a typhoon forced the
suspension of trade on Wednesday.