HONG KONG Oct 7 Hong Kong shares fell on
Monday, led by Sun Hung Kai Properties on fears of weak demand
after local media said the world's second-largest real estate
developer was offering cash discounts at a relaunched project.
The Hang Seng Index finished down 0.7 percent at
22,974 points, extending losses on Friday. The China Enterprises
Index of the top Chinese listings in Hong Kong shed 0.9
Sun Hung Kai Properties shares sank 2.6 percent,
closing at their lowest since Sept. 13. Overall turnover was
weak as investors steered from risk with the U.S. budget impasse
showing no signs of resolution.
Mainland Chinese markets will resume trading on Tuesday
after a one-week holiday. Data for September money supply and
loan growth due from Tuesday will start a fresh batch of China