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Hong Kong 0.26% lower

Hong Kong - Hong Kong stocks closed down 0.26% in quiet trade Monday as traders await the release of US jobs data at the end of the week and the beginning of a Chinese Communist Party meeting.

The benchmark Hang Seng Index slipped 60.17 points to 23 189.62 on turnover of HK$45.09bn ($5.82bn).

Chinese shares ended flat. The benchmark Shanghai Composite Index edged up 0.07 points to 2 149.63 on turnover of 66.3bn yuan ($10.9bn).

In China, attention is turning to a Communist Party policy meeting due to start Saturday, with traders looking for possible economic reforms.

Also, Washington will release third-quarter gross domestic product advanced estimates on Thursday and official October non-farm payrolls figures Friday.

Hong Kong traders stuck to the sidelines Monday ahead of an earnings report from HSBC.

After the market closed, the banking giant reported a 28% rise in net profit to $3.2bn (2.37bn) during the three months to the end of September on major cost-cutting and lower bad debt charges.

The London-based bank said in its earnings statement that British regulator, the Financial Conduct Authority, is conducting investigations alongside several other global agencies into a number of firms, including HSBC, "relating to trading on the foreign exchange market".

HSBC added that it was "cooperating with the investigations which are at an early stage".

In stock movers, investors took profits on high-flying Macau gaming stocks amid concerns the casino enclave's record-high gaming revenue in October will prove tough to repeat, said Kim Eng, director of sales trading Andrew Sullivan.

MGM China fell 2.2% to HK$26.40 and Sands China declined 1.4%.

Stocks across the sector rallied to new highs last month amid anticipation of a strong month for the territory.



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