HONG KONG, June 12 Hong Kong shares finished
lower on Thursday, joining other Asian markets in slipping after
Wall Street stepped back from record levels.
The Hang Seng Index closed down 0.4 percent at
23,175.02 points. The China Enterprises Index of the
leading offshore Chinese listings in Hong Kong slid 0.7 percent.
Leading losses in the benchmark index was China Mengniu
Dairy, which sank nearly 3 percent after Macquarie
Research downgraded it to "underperform" from "neutral", citing
risks from a subsidiary and competition from imported ultra heat
Mengniu shares have fallen more than 16 percent from
Hong Kong developers extended losses on Thursday. Hang Lung
Properties lost 1.7 percent and Cheung Kong Holdings
was off 1.2 percent.
(Reporting by Grace Li; Editing by Richard Borsuk)