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Hong Kong shares end down on poor factory data, banks drag
February 2, 2015 / 8:11 AM / 3 years ago

Hong Kong shares end down on poor factory data, banks drag

Feb 2 (Reuters) - Hong Kong shares inched down on Monday after surveys showed activity in China’s factory sector unexpectedly shrank for the first time in nearly 2-1/2 years in January.

Shares of China Minsheng Banking Corp Ltd, the country’s biggest private lender, was the main drag weighing on the market on Monday as local media reported that its president was under investigation for corruption.

The Hang Seng index fell 0.1 percent, to 24,484.74, while the China Enterprises Index lost 1.2 percent, to 11,578.30 points.

Among the most actively traded stocks on Hong Kong’s main board were Chaoda Modern Agriculture Holdings Ltd, down 45.5 percent at HK$0.60, China Minsheng Banking Corp Ltd , down 3.1 percent at HK$9.16 and China Construction Bank, down 1.1 percent at HK$6.16.

Chinese investment flowing from Shanghai into Hong Kong through the mutual market access pilot programme took up 0.46 billion yuan ($73.49 million) of the 10.5 billion yuan daily quota.

Total trading volume of companies included in the HSI index was 1.6 billion shares.

$1 = 6.2596 Chinese yuan Reporting by Shanghai Newsroom; Editing by Jacqueline Wong

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