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HK stocks end lower, banks fall after China rate rise

Published 12/28/2010, 03:09 AM
Updated 12/28/2010, 03:13 AM

HONG KONG, Dec 28 (Reuters) - Hong Kong shares slid on Tuesday, marking a third consecutive day of falls, with banks leading the slide as a surprise interest rate rise over the weekend triggered policy tightening fears in a quiet and thin market.

China Construction Bank Corp <0939.HK> led the slide retreating 1.5 percent, and Industrial and Commercial Bank of China Ltd <1398.HK> fell 1.4 percent.

The Hang Seng Index <.HSI> ended down 0.93 percent at 22,621.73, its biggest single day of fall in percentage terms in nearly two weeks. The China Enterprises Index <.HSCE> of top locally listed mainland Chinese companies was down 1.07 percent at 12,309.59. (Reporting by Donny Kwok; Editing by Chris Lewis)

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