HONG KONG, Nov 5 (Reuters) - Hong Kong shares eased slightly
on Monday, as caution ahead of the U.S. presidential election
spurred mild profit-taking after a strong run-up last week
lifted the Hang Seng Index to a 15-month high.
The Hang Seng Index closed 0.5 percent lower at
22,006.4 points, after gaining 2.6 percent last week. The index
is up nearly 20 percent this year.
On the mainland, the CSI300 of top Shanghai and
Shenzhen listings closed down 0.2 percent, while the Shanghai
Composite ended down 0.1 percent with financials the
biggest drag on the indices.
* Foxconn International Holdings, the world's
biggest contract maker of cellphones, surged as much as 35
percent after Citigroup upgraded the stock to a 'buy' and said
it expected the firm to start assembling iPhones this year.
Foxconn shares are still down nearly 28 percent this
* Profit-taking in index heavyweights such as HSBC Holdings
and Industrial and Commercial Bank of China (ICBC)
weighed on the benchmarks and offset strength in
property developers. HSBC, scheduled to release third-quarter
results after market hours, fell 0.3 percent while ICBC closed
down 1.3 percent.