SHANGHAI Aug 18 Hong Kong shares ended flat on
Monday, dampened by weakness in the property and financial
sectors after China released weak home prices and foreign direct
investment (FDI) data.
The Hang Seng Index finished flat at 24,955.46
points. It hit its highest closing level since Nov. 8, 2010 last
The China Enterprises Index of the leading offshore
Chinese listings in Hong Kong declined 0.4 percent for the day.
Sun Hung Properties fell 0.7 and Bank of China
was down near 0.5 percent.
Lenovo Group limited the market's fall after it
climbed to a 14-year high on news the U.S. regulators passed a
deal allowing it to take over IBM's low-end server division.
China's property prices slid for a third straight month in
July, but shares in property developers -- many of which are
index heavyweights -- evinced no particular reaction, rising in
line with their broader indexes.
China drew $71.1 billion in foreign direct investment (FDI)
in the first seven months of 2014, down 0.4 percent from a year
earlier and 17 percent lower month-on-month.
(Reporting by Chen Yixin and Donny Kwok; Editing by Jacqueline