HONG KONG Mar 14 Hong Kong shares fell to a
six-week low on Friday, pulled down by index heavyweights
Tencent Holdings Ltd and New World Development
The Hang Seng Index fell 1 percent to 21,539.49
points, its lowest close since Feb. 6. For the week, it fell 4.9
percent, its largest weekly loss since May 2012.
The China Enterprises Index of the top Chinese
listings in Hong Kong fell 0.3 percent on the day and dropped
1.8 percent for the week, its biggest weekly loss since October
Shares in China's largest listed Internet company Tencent
Holdings Ltd fell 4.1 percent to a one-month low after
the People's Bank of China demanded that payments made by
certain online mobile methods be halted.
Shares in Hong Kong developer New World Development
tumbled 14 percent following its announcement on
Friday on its rights issue plan and said it would take its
majority-owned New World China Land private for
HK$18.6 billion ($2.40 billion).