HONG KONG, Oct 29 (Reuters) - Hong Kong shares slipped on
Monday as local developers tumbled on fears that new measures to
cool soaring property prices will sap demand, but broader losses
were limited by strong earnings by Chinese banks.
The Hang Seng Index ended down 0.2 percent at
21,511.1, the lowest close since Oct. 17. The China Enterprises
Index of the top Chinese listings in Hong Kong finished
up 0.9 percent at 10,546.2.
In the mainland, the CSI300 Index of the top
Shanghai and Shenzhen listings shed 0.5 percent, its
fifth-straight loss. The Shanghai Composite Index lost
0.4 percent. They each closed at their lowest since Sept. 26.
* Hong Kong real estate stocks reeled after the city's
government imposed a new 15 percent tax on foreign and corporate
real estate buyers and stiffened the resale stamp duty fees in
the hope of calming property prices, which have surpassed
historical highs hit in 1997. New World Development,
which had soared more than 100 percent year to date, dived 6.4
* Agricultural Bank of China gained 3.1 percent
and China Construction Bank rose 0.9 percent after
both "Big Four" Chinese banks posted third-quarter earnings over
the weekend that topped expectations.