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Hong Kong: Profit taking sends Hong Kong shares lower

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[HONG KONG] Hong Kong shares fell on Tuesday as investors took profits following sharp gains over the past two weeks.

Analysts said global signals were supportive for Hong Kong equities but that investors were likely taking profits after the Hang Seng posted its best week in over a year last week.

The Hang Seng index fell 0.6 per cent to 21,673.20 points, while the China Enterprises Index lost 1.1 per cent to 8,988.79.

Total trading volume of companies included in the HSI index was 1.3 billion shares.