HONG KONG, March 19 (Reuters) - Hong Kong shares ended at a
three-and-a-half-month low on Tuesday, as weakness in the
Chinese consumer sector offset strength in Chinese power
producers driven up by corporate earnings.
The Hang Seng Index ended down 0.2 percent at
22,041.9, its lowest close since Dec. 4. The China Enterprises
Index of the top Chinese listings in Hong Kong shed 0.5
The CSI300 of the leading Shanghai and Shenzhen
A-shares closed up 0.9 percent at 2,525.1 bouncing off Monday's
two-month low. The Shanghai Composite Index climbed 0.8
percent from its lowest close since Dec. 28 set on Monday.
* China Resources Power surged 8.1 percent in its
best daily gain since December 2008 after brokers upgraded their
target price for its stock following its positive 2012 earnings.
Analysts at Deutsche Bank raised their target price for CR Power
by some 14 percent, citing the company's superior execution and
its strongest capacity for organic capacity growth among sector
* The Chinese consumer sector extended its weakness after
earnings from Tingyi and Sun Art Retail on
Monday and Sunday, respectively, disppointed. Luxury names also
slid after Emperor Watch & Jewellery posted a
bigger-than-expected slide in net 2012 profit. Emperor shed 4.7
percent, while China's largest luxury watch retailer Hengdeli
sank 3.6 percent.