Hong Kong shares slip, dragged down by local property

Hong Kong shares edged lower on Friday, weighed down by large-cap property and financial stocks, with many investors preferring to wait for direction from mainland China markets, which reopen after the Lunar New Year holiday next week.

Hong Kong property counters fell as robust sales during the holiday sparked fears of fresh curbs.

The Hang Seng Index fell 0.1 per cent, while the China Enterprises Index of the top Chinese listings in Hong Kong rose 0.2 per cent. Turnover in Hong Kong remained weak, with many traders still away for the holiday.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1150886/hong-kong-shares-slip-dragged-down-local-property