HONG KONG, April 12 (Reuters) - Hong Kong shares ended their
best week since January on a sluggish note on Friday, with
cyclical sectors broadly weaker as investors trimmed a bounce
from Monday's four-month lows.
The Hang Seng Index closed down 0.1 percent at
22,089.1. The China Enterprises Index of the top Chinese
listings in Hong Kong shed 0.5 percent. They rose 1.7 and 2.2
percent this week, their respective best performances in about
The CSI300 Index of the leading Shanghai and
Shenzhen A-share listings closed down 0.6 percent at 2,462.1 on
Friday, and the Shanghai Composite Index also fell 0.6
percent. For the week, they fell 0.9 and 0.8 percent,
* Lenovo Group followed Thursday's 5.8 percent
plunge with a 6.1 percent dive on Friday, taking its Hong Kong
shares to their lowest since November. Citi downgraded Lenovo by
two notches, from "buy" to "sell", believing its China personal
computer business will start to slow.
* The cyclical basic materials and energy sectors were
broadly weaker. Trina Chen, Credit Suisse's sector analyst, said
in a note that Beijing's 2013 closure targets for obsolete
capacity in 19 industries, released on Thursday, are likely
behind market expectations.
* China's first quarter GDP growth data and industrial
output, retail sales and urban investment data for March are due