SHANGHAI Dec 23 Hong Kong stocks fell for the
second consecutive week, closing at a five-month low on the last
trading day before the Christmas break, as rosier U.S. growth
data deepened fears of money flowing out of emerging markets.
The Hang Seng index fell 0.3 percent, to 21,574.76,
the lowest closing level since mid-July. The China Enterprises
Index lost 0.2 percent, to 9,181.75 points.
For the week, Hang Seng was down 2 percent, and HSCE lost
Trading was lacklustre as the Hong Kong market will be
closed on Monday and Tuesday for Christmas.
Most traders retain positive bets on the U.S. dollar,
particularly after upbeat economic data, including an upward
revision to third-quarter economic growth on Thursday.
Bright U.S. growth prospects could potentially lure capital
out of emerging markets. Indeed, currencies in emerging Asia
have been hit hard by worries of money being sucked out toward
U.S. dollar-based assets.
The energy sector was among the biggest decliners
in Hong Kong, down over 1 percent.
(Reporting by Samuel Shen and John Ruwitch; Editing by Shri