HONG KONG Aug 28 Hong Kong's benchmark index
finished at a two-week low in choppy conditions on Thursday,
hurt by continued weakness in the Chinese onshore market and
poor corporate earnings.
The Hang Seng Index closed down 0.7 percent at
24,741.00 points. It opened up 0.6 percent on a firmer Wall
Street but swung as much as 1 percent lower during the session.
Analysts said the volatility was related to index futures
settlement on the day.
The China Enterprises Index of the leading offshore
Chinese listings in Hong Kong sank 1.3 percent in its worst day
in four weeks.
PetroChina was the top index drag, sliding 2.8
percent from its highest in more than two years.
Chinese banks were also weaker after earnings from some
major lenders showed slower profit growth in the second quarter.
China Construction Bank and Industrial and Commercial
Bank of China both shed 1.2 percent.
China Mengniu Dairy slumped 6.7 percent after
first-half results failed to deliver any positive surprise.
China Cinda Asset Management also dived 7.1 percent
(Reporting by Grace Li; Editing by Jacqueline Wong)