Hong Kong shares close near 19½-month high, China slides

Hong Kong shares closed near a 19½-month high for a third session on Tuesday, helped by strength in the financial sector, while onshore China markets retreated from Monday’s seven-month high as manufacturing dragged.

Despite gains in the index, lower volumes in Hong Kong point to caution as benchmark indices run into chart resistance after a fast start to the year, and amid a growing number of profit warnings ahead of the corporate earnings season.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1133775/hong-kong-shares-close-near-1912-month-high-china-slides