HONG KONG Oct 5 Hong Kong stocks posted modest
gains in thin trading on Wednesday, outperforming regional
markets, lifted by energy shares after an overnight surge in oil
prices and helped by some short covering.
The benchmark Hang Seng Index rose 0.4 percent at
23,788.31 points while the China Enterprises Index
gained 0.6 percent to 9,811.18 points.
MSCI's broadest index of Asia-Pacific shares outside Japan
was down 0.3 percent.
A sub-index measuring Hong Kong property stocks
ended down 0.4 percent, falling for the third consecutive day
though losses were checked as concern on a weakening Chinese
currency supported counters.
Shares of China Resources Land eased 0.5 percent
but those of China Overseas Land ended nearly 1
China's Shenzhen has rolled out new steps, including higher
mortgage down payments and home purchase restrictions, Xinhua
news agency reported on Tuesday, joining other Chinese cities
attempting to cool soaring home prices.
Turnover has been very low this week with volumes
over the past two days struggling to hit the 50 billion Hong
Kong dollars ($6.45 billion) mark compared to 70 billion Hong
Kong dollars last Friday, before China's week-long holiday.
(Reporting by Saikat Chatterjee; Editing by Richard Borsuk)