Hong Kong shares end at two-week low on mainland sell-off

Ruixin International Holdings

05/05/2015 09:01

HONG KONG, May 5 (Reuters) - Hong Kong shares closed at 
their lowest in two weeks on Tuesday, with the tumble led by 
listed Chinese enterprises, as investors took their cue from a 
sell-off in mainland markets. 
    The Hang Seng index  .HSI  fell 1.3 percent, to 27,755.54, 
while the China Enterprises Index  .HSCE  lost 2.6 percent, to 
14,077.62 points. 
    Chinese markets suffered their biggest loss in nearly four 
months on Tuesday, amid a fresh wave of share listings and  
media reports that some brokerages had tightened rules for 
margin financing.  ID:nZZN2RG200  
    But Hong Kong stocks may end the month higher although the 
ride will be bumpy, said Alex Kwok, analyst at China Investment 
Securities (HK).  
    "There's a big probability that the Hong Kong market will 
swing upwards, as money from the mainland and overseas keep 
flowing into Hong Kong," he wrote. 
    China is expected to announce the timetable of the 
Shenzhen-Hong Kong Stock Connect scheme, which could also stoke 
the market, Kwok added.  
    Among the most actively traded stocks on Hong Kong's main 
board were China National Culture Group  0745.HK , down 19.0 
percent to HK$0.19, China Star Entertainment  0326.HK , up 2.4 
percent to HK$0.13 and Sino-Tech International Holdings 
 0724.HK , up 16.1 percent to HK$0.11. 
     
 
 (Reporting by Samuel Shen and Kazunori Takada; Editing by 
Jacqueline Wong) 
 ((samuel.shen@thomsonreuters.com;  +86 21 6104 1789; Reuters 
Messaging: samuel.shen.thomsonreuters.com@reuters.net)) 
 
Keywords: MARKETS HONGKONG STOCKS/CLOSE