Hong Kong shares fall on China housing

Source: Bloomberg
© Scanpix/Agence France-Presse
Hong Kong shares retreated on worries that rise in China's house prices may lead to monetary stimulus reduction. The Hang Seng Index declined 0.8% to 21,056.33 at 9:50 a.m. Hong Kong time as every nine stocks slid for each that advanced on the 50-member index. The Hang Seng China Enterprises Index fell 1.1% to 9,640.79.

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