HONG KONG, Sept 23 (Reuters) - Hong Kong shares ended lower on Wednesday as investors began to discount Sinopharm's debut gains and on expectations that the U.S. Federal Reserve will keep its policy rate unchanged.
But the market stayed within a narrow range, and is expected to find clearer direction when the Fed announces its rate decision and the latest economic conditions.
The benchmark Hang Seng Index slipped 0.49 percent to 21,595.52, off Thursday's 13-month high.
The China Enterprises Index of top locally listed mainland Chinese stocks slipped 0.64 percent to 12,431.81. (Reporting by Nerilyn Tenorio; Editing by Chris Lewis)