HONG KONG, June 18 Hong Kong shares finished a
choppy session little changed on Wednesday, with turnover
staying low as global markets brace for results from the U.S.
Federal Reserve policymaking meeting.
The Hang Seng Index closed down 0.1 percent at
23,181.72 points. The China Enterprises Index of the
leading offshore Chinese listings in Hong Kong lost 0.2 percent.
Soft China housing data released in the morning hurt
developers listed in Hong Kong. China Overseas Land & Investment
and China Resources Land shed 0.3 and 1.2
China's average new home prices edged down for the first
time in two years in May, official data showed, underlining a
downtrend taking hold in the market as the economy slows.
Chow Tai Fook Jewellery Group jumped 5.8 percent
to close at its highest since April 10 after posting solid
results late on Tuesday. The company said on Wednesday it has
agreed to buy U.S.-based diamond jeweller Hearts on Fire Co for
$150 million in a move to extend its high-end product range.
(Reporting by Grace Li and Donny Kwok; Editing by Jacqueline