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HK shares drop 0.6 pct; biggest weekly drop in 2 mnths

Published 08/21/2009, 04:10 AM
Updated 08/21/2009, 04:15 AM
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HONG KONG, Aug 21 (Reuters) - Hong Kong shares dropped 0.6 percent to mark their biggest weekly decline in two months on Friday after a disappointing second-quarter performance beat down shares in China Mobile, while China bank stocks fell on fears of a likely monetary policy tightening.

The benchmark Hang Seng Index finished 129.84 points lower at 20,199.02, and slid 3.3 percent on week.

The China Enterprises Index, which represents top locally listed mainland Chinese stocks, was down 0.5 percent at 11,464.73 even as the Shanghai Composite Index gained 1.7 percent. (Reporting by Parvathy Ullatil; Editing by Chris Lewis)

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