Feb 23 Hong Kong stocks edged lower on Thursday,
after the U.S. Federal Reserve meeting minutes showed some
policy uncertainty even as there was broad consensus on rates
having to rise further.
The benchmark Hang Seng index dropped 0.4 percent, to
24,114.86, while the Hong Kong China Enterprises Index
lost 0.2 percent, to 10,521.53.
Profit-taking picked up after the city's main index ended
near an 18-1/2-month high on Wednesday, but it was partly
countered by sustained money inflows from the mainland.
Southbound inflows through the Shanghai-Hong Kong Stock
Connect used 2.6 billion yuan ($378.12 million), or 25 percent
of Thursday's daily quota, which eased from 43 percent in the
previous session but was still above an average of less than 11
percent in January.
Most sectors retreated at the close in Hong Kong, led by
resource stocks, which shed 1.1 percent due to a weak
commodities market on the mainland.
The financial sector was down 0.6 percent, as the
Fed's mixed stance hurt investor confidence in banks.
Real estate stocks gained 0.4 percent, bucking the
broad trend. Hong Kong's borrowing costs closely track that of
the United States due to a currency peg to the dollar.
($1 = 6.8762 Chinese yuan)
(Reporting by Jackie Cai and John Ruwitch; Editing by