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    Monday, November 23, 2009

    Hong Kong Shares Dragged Down By China Banks

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    By V. Phani Kumar
    MarketWatch Pulse
       

      HONG KONG -- Hong Kong shares posted mild losses early Tuesday in spite of strong overnight gains on Wall Street, with Chinese banking stocks turning weak after mainland Chinese regulators warned lenders to meet industry capital requirements. The Hang Seng Index dropped 0.2% to 22,721.80, and the Hang Seng China Enterprises Index lost 0.5%. Bank of China Ltd. lost 1.5%, and China Construction Bank Corp. shed 1%. The Shanghai Composite, meanwhile, gained 0.6% to 3,357.07.

      Copyright © 2009 MarketWatch, Inc.

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