Hong Kong shares fall

Hong Kong shares ended Thursday lower, dragged by tech shares and reflecting fears in the region that the boom in demand for electronic components has peaked. At the close of trade, the Hang Seng index was down 446.48 points or 1.51 percent at 29,177.35. The Hang Seng China Enterprises index fell 1.48 percent to 11,475.72. The sub-index of the Hang Seng that tracks energy shares dipped 1.1 percent while the IT sector dipped 3.19 percent, the financial sector was 1.49 percent lower and property sector dipped 0.12 percent.
The top gainer on Hang Seng was Bank of East Asia Ltd, up 1.79 percent, while the biggest loser was AAC Technologies Holdings Inc which was down 5.70 percent. So far this year, the Hang Seng index is up 34.65 percent, while China's H-share index is up 24.0 percent. The Hang Seng has risen 4.88 percent this month. The top gainers among H-shares were China Railway Construction Corp Ltd up 2.21 percent, followed by China Citic Bank Corp Ltd gaining 0.6 percent and China Communications Construction Co Ltd up by 0.57 percent.
The three biggest H-shares percentage decliners were China Vanke Co Ltd which was down 4.02 percent, China Pacific Insurance Group Co Ltd which fell 4.0 percent and New China Life Insurance Co Ltd down by 3.6 percent.