HONG KONG, July 7 Hong Kong shares finished flat
on Monday, as strength in the property sector was undercut by
losses for Macau casino stocks that recently rallied.
The Hang Seng Index closed little changed at
23,540.92 points. The China Enterprises Index of the
leading offshore Chinese listings in Hong Kong also ended flat.
Sands China was the top percentage loser on the
Hang Seng, off 2.0 percent in its worst day in a month. Galaxy
Entertainment Group, which jumped 11 percent last
week, sank 1.2 percent.
China Resources Land and China Overseas Land &
Investment advanced 1.6 and 1.7 percent, respectively,
on the loosening of housing policies in some cities.
Hong Kong Exchanges and Clearing climbed 3.1
percent to HK$154.10, its highest since August 2011, after
Jefferies initiated coverage of it with a "buy" rating and price
target of HK$179.
China Railway rose 3.6 percent and China CNR
7.4 percent as markets expect increased second-half
investment in the sector.
(Reporting by Grace Li; Editing by Richard Borsuk)