Hong Kong shares end down slightly, Tencent off record high
Hong Kong shares slipped on Wednesday, led by Tencent as investors took profits on the outperforming technology sector while the impasse in Washington sapped confidence the US will avert a debt default.
The Hang Seng Index ended down 0.6 per cent at 23,034 points, while the China Enterprises Index of the top Chinese listings in Hong Kong slipped 0.3 per cent. Both have been in a tight trading range for almost two weeks.
Shunfeng Photovoltaic International surged more than 20 per cent after saying it bid for a stake in the main unit of rival Suntech Power, which is struggling with debts.
Tencent, which closed at a record high on Tuesday, sank 2.9 per cent.