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Hong Kong: Shares fall, China manufacturing caps losses
[SHANGHAI] Hong Kong main share index finished lower on Thursday in line with regional bourses, but further declines were capped by slightly stronger China manufacturing activity.
The Hang Seng Index unofficially closed down 0.3 per cent at 23,333.18 points. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong stayed broadly flat throughout the day and finished up 0.1 per cent.
Analysts said faster expansion in Chinese factory activity in a private survey limited selling in Hong Kong. The flash HSBC/Markit manufacturing purchasing manager's index (PMI) edged up to a three-month high of 50.4 from a final reading of 50.2 in September.
Telecoms were the biggest losers ahead of earnings but railways helped offset the market's overall weakness.
China CNR Corp Ltd said it had been awarded a subway contract from Massachusetts. China CNR Corp jumped 3.2 per cent, and CSR Corp climbed 1.5 per cent.