HONG KONG Oct 7 Hong Kong stocks slipped on
Friday, pulled down by consumer and energy shares as investors
locked in gains ahead of a long weekend and U.S. job data that
could give clues on when the Federal Reserve hikes interest
The benchmark Hang Seng Index declined 0.4 percent to
23,851.82 points, snapping a four-day streak of advances. The
China Enterprises Index dropped 0.2 percent to 9,923.82
For the week, Hang Seng Index finished up 2.4 percent and
the Chinese companies index rose 3.6 percent, their biggest
weekly gains in four weeks.
Analysts said they anticipated mainland support for Hong
Kong shares after Chinese markets reopen on Monday following a
Hong Kong's market will be closed on Monday for a holiday.
On Friday, shares of Mengniu Dairy and China
Resources Power, which rallied recently, fell 1.6
percent and 0.9 percent respectively.
Financials stocks added to declines, with Bank of
Communications falling 1 percent and Ping An
down 0.2 percent.
News that three more Chinese cities are joining 14 others in
setting curbs on home-buying to prevent a bubble weighed on
property developers. Shares of China Resources Land
and China Overseas Land declined more than 1 percent.
(Reporting by Donny Kwok; Editing by Richard Borsuk)