Epic Research Singapore : Hang Seng Index

The Hang Seng Index HK:HSI -0.88% edged lower by 0.4% at 23,048.13 . Most Chinese banks were weak amid liquidity concerns, as Chinese central bank last week warned banks to control the pace of lending. Industrial & Commercial Bank of China Ltd. HK:1398 -2.05% IDCBF -2.27% dropped 1%, Agricultural Bank of China Ltd. HK:1288 -1.74% ACGBF -4.44% lost 1.2%, and Bank of China Ltd. HK:3988 -0.88% BACHY -1.13% slipped 0.3%.

Mainland property shares were mixed, after China's December property price in the first-tier cities continued to increase, but showed a sign of slowdown over a month earlier. Evergrande Real Estate Group Ltd. HK:3333 -1.43% EGRNF -1.28% slipped 0.4%, Vanke Property (Overseas) Ltd. HK:1036 +0.39% CHL -0.02% edged down 0.6%, while China Overseas Land & Investment Ltd. HK:688 -0.23% CAOVF -0.36% added 0.7%. On the mainland, Shanghai Composite Index CN:SHCOMP -0.68% stayed flat at 2,004.07.
 
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