BEIJING May 5 Hong Kong shares finished lower
on Monday, after a private survey showed mainland manufacturing
activity contracting for a fourth straight month, triggering a
sell-off across the board.
The Hang Seng Index closed down 1.3 percent. The
China Enterprises Index of the leading offshore Chinese
listings in Hong Kong was down 0.6 percent.
The HSBC/Markit purchasing managers' index (PMI) for April
came in at 48.1 on Monday, lower than a preliminary reading of
48.3, though up slightly from an eight-month low of 48.0 in
Property stocks were some of the heaviest hit after
pessimistic comments made by a top executive from the mainland's
largest listed developer were leaked to the press over the
Cheung Kong Holdings Ltd slid 2.5 percent, while
Wharf Holdings Ltd dropped 3.1 percent.
(Reporting by Natalie Thomas; Editing by Jacqueline Wong)