Hang Seng index flat on Chinese inflation data

Hong Kong's Hang Seng index was little changed on Thursday amid unexpected increase in Chinese consumer prices. Hang Seng index edged 0.04% or 8.45 points down at 21,010.01. Property and financials shares showed mixed performance on February 9. Bank of Communications lost 2.5%, while Industrial & Commercial Bank of China  dropped 0.9%. On the upside the index was supported by China Resources Land and Evergrande Real Estate Group which advanced 5.7% and 7.4% respectively. Lenovo Group surged 3.8% after posting a 54% increase in 4th quarter net profit.