BEIJING, April 22 Hong Kong shares edged lower
on Tuesday, dragged down by losses in China Resources Power
after Chinese authorities said they were probing the
head of its parent group for corruption.
The Hang Seng Index closed down 0.1 percent at
22,730.68. The China Enterprises Index of the leading
offshore Chinese listings in Hong Kong ended down 0.5 percent.
Weak earnings were the main drag on H-shares, with Great
Wall Motor Co Ltd shedding 6.3 percent after a steep
decline in first-quarter earnings growth.
Air China Ltd shares lost 6.4 percent as the
company braced itself for a 55-65 percent decline in
Shares in state-owned energy giant China Resources Power
tumbled 9.6 percent following an investigation into
corruption, and shares in its subsidiaries were also down.
Losses in these energy shares countered a rally in China
Petroleum and Chemical Corp (Sinopec) which ended up
3.4 percent on reports of increased shale gas production.
(Reporting by Natalie Thomas; Editing by Jacqueline Wong)