Hong Kong shares slip from peak, but score 5th monthly rise

Hong Kong shares slipped from a 21-month high on Thursday, trimming January’s gains, as investors turned cautious following a batch of profit warnings and knocked the Hang Seng Index off its most overbought levels in almost a month.

The Hang Seng Index closed down 0.4 per cent on the day, but up 4.7 per cent on the month at 23,729.5. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.3 per cent on Thursday, but rose 6.1 per cent in January.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1140265/hong-kong-shares-slip-peak-score-5th-monthly-rise