Hong Kong shares at one-month low as utilities slide

Hong Kong shares sank to their lowest in a month on Thursday, with the utilities sector joining a downward spiral in high yielding counters on fears that the US Federal Reserve may soon begin tapering back its monetary stimulus.

At midday, the Hang Seng Index was down 0.5 per cent, while the China Enterprises Index of the top Chinese listings in Hong Kong slid 1 per cent. Both indexes are now hovering at their lowest levels since late April.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1249654/hong-kong-shares-one-month-low-utilities-slide