Hong Kong shares finish 0.3pc below 17-week high

PUBLISHED : Tuesday, 17 September, 2013, 4:08pm
UPDATED : Tuesday, 17 September, 2013, 8:19pm

Hong Kong shares slipped from a 17-week high on Tuesday, led by financial counters as turnover dropped ahead of the two-day meeting at which the US Federal Reserve meeting is expected to start cutting its stimulus.

The Hang Seng Index, which on Monday had its highest close since May 22, fell 0.3 per cent to 23,180.5 points. The China Enterprises Index of the top Chinese listings in Hong Kong inched up 0.4 per cent.

Wing Hang Bank surged 39.4 per cent, its biggest daily gain since listing in 1993, after becoming the second Hong Kong family-run bank to receive a takeover offer in as many months. Its jump lifted rivals’ shares.