Hong Kong stocks down, Guotai Junan shares slump on missing CEO

lunes 23 de noviembre de 2015 04:13 GYT
 

Nov 23 (Reuters) - Hong Kong shares fell on Monday, taking cues from weak mainland markets and as investors braced for a likely rise in U.S. interest rates next month.

The Hang Seng index fell 0.4 percent, to 22,665.90, while the China Enterprises Index lost 0.7 percent, to 10,229.43 points.

Investors appear increasingly relaxed about the prospect of higher U.S. interest rates, but they are looking for fresh cues on direction amid uncertainty about the Chinese economy.

Performance was mixed among main sectors, with IT and industrial stocks rising, but energy and property shares falling.

The financial sector was pulled down by Chinese brokerage Guotai Junan International Holdings Ltd.

Shares of Guotai Junan dived 12.3 percent, after it said it was unable to reach its chief executive Yim Fung since Nov. 18.

In contrast, shares of Chinese property developer Evergrande Real Estate jumped more than 5 percent to a 5-month trading high, after the company said it would pay $617 million for a 50 percent stake in a joint-venture life insurer.

(Reporting by Samuel Shen and Pete Sweeney; Editing by Jacqueline Wong)