The Hang Seng Index HK:HSI +0.08% edged higher by 0.2% to 23,078.31. The top mainland Chinese banks were mixed, as Bank of Communications Co. HK:3328 +1.35% BKFCF -7.65% rose 0.4%, and Bank of China Ltd. HK:3988 +0.58% BACHY +1.67% added 0.3%, but Agricultural Bank of China Ltd. HK:1288 0.00% ACGBF -4.44% dropped 0.3%. China's largest offshore oil-and-gas producer Cnooc Ltd. HK:883 -2.14% CEO -5.38% fell 2%, seeing continued selling after the company on Monday set a lower target for output growth in 2014 than the average annual growth goal for the five years through 2015. Another major Chinese oil company, PetroChina Co. HK:857 -0.87% PTR +0.41% , also gave up 1.2%. On the mainland, the Shanghai Composite Index CN:SHCOMP +1.67% advanced 0.7%.
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