HONG KONG, Oct 30 (Reuters) - Hong Kong shares sank to their
lowest in almost two weeks on Tuesday, with local developers
extending losses in the wake of fresh curbs on real estate
purchases in the territory.
The Hang Seng Index ended down 0.4 percent at
21,428.6, their third-straight day of losses, pushing the
benchmark to its lowest close since Oct. 17. The China
Enterprises Index of the top Chinese listings in Hong
Kong shed 0.8 percent.
On the mainland, the CSI300 Index of the top
Shanghai and Shenzhen listings closed up 0.2 percent in its
first daily gain in six days. The Shanghai Composite Index
also edged up 0.2 percent, its first gain in four days.
* New World Developments led weakness in the Hong
Kong property sector, shedding a further 2.8 percent after
sinking 6.4 percent on Monday. But it is still up 87 percent on
the year, compared to the 16 percent rise on the Hang Seng
The Hong Kong government late on Friday imposed a 15 percent
tax on foreign and corporate real estate buyers and stiffened
the resale stamp duty fees in the hope of calming the city's
property prices, which have surpassed historical highs hit in
* Shares of Warren Buffett-backed Chinese automaker BYD Co
Ltd slumped 4.1 percent after posting a 94 percent
slide in third-quarter net profit due to a slumping domestic
market and its money-losing solar energy business.