HONG KONG, Feb 5 (Reuters) - Hong Kong shares posted their
worst loss in three months on Tuesday, weighed by a 6.4 percent
slide in China Petroleum and Chemical Corp (Sinopec) after a
$3.1 billion new share placement.
The Hang Seng Index ended down 2.3 percent at
23,148.5, its worst single-day loss since Nov. 8, unmoved by a
rebound over the day in mainland shares. The China Enterprises
Index of the top Chinese listings in Hong Kong shed 2.8
In the mainland, the CSI300 of the top Shanghai
and Shenzhen A-share listings posted a third-straight daily
gain, rising 0.9 percent, rebounding from earlier losses. The
Shanghai Composite Index stretched a winning streak into
a seventh-day, up 0.2 percent.
* Sinopec shares in Hong Kong dived 6.4 percent
to its lowest close since end-December but held above the
HK$8.45 placement price, signalling robust demand for the 2.85
billion new shares. A source familiar with the matter said they
were sold to a group of about 10 investors that included some of
the world's largest institutional investors and global fund
* The territory's property developers were hit by comments
from the central bank's chief that more measures could be
introduced to cool the property market as elevated household
debt is worsening risks from price gains.
* China Railway Construction jumped 3.2 percent
after the official China Securities Journal newspaper reported
that Beijing will likely introduce a development plan for 120
ports, which could drive tremendous investment in infrastructure
such as transportation and energy pipelines.