HONG KONG, Nov 10 (Reuters) - Hong Kong shares extended this week's retreat as banks succumbed to profit-taking on signs that China is tightening monetary policy to curb inflation and stem hot money inflows.
The benchmark Hang Seng Index <.HSI> fell 0.85 percent to 24,500.61. The China Enterprises Index <.HSCE> fell 0.95 percent to 13,889.32, with financials the biggest drag.
China's central bank has ordered some banks to increase their reserve requirements by 0.5 of a percentage point in an apparent effort to damp rapid credit growth, three industry sources told Reuters on Wednesday. [ID:nSGE6A9091] (Reporting by Vikram Subhedar; Editing by Chris Lewis) (vikram.subhedar@thomsonreuters.com; +852 2843 6975; Reuters Messaging: vikram.subhedar.reuters.com@reuters.net))