HONG KONG Feb 18 Hong Kong shares edged up to
another three-week high on Tuesday, as a 3 percent rise for Bank
of East Asia after the local lender reported robust
2013 net profit helped offset weakness for Chinese cyclicals.
China's central bank, in apparent response to surprisingly
high new January loans, drained 48 billion yuan ($7.92 billion)
from the country's money market at the first of its two
scheduled weekly open market operations.
The Hang Seng Index ended up 0.2 percent at 22,587.7
points, its highest closing since Jan. 23. The China Enterprises
Index of the leading offshore Chinese listings in Hong
Kong slipped 0.4 percent.
Semiconductor Manufacturing International Corp
plummeted 16 percent in its biggest single-day decline in nearly
six years after warning it expects a 68.5 percent decline in net
profit for the quarter ended Dec. 31 from a year earlier.