Reuters (08/11) - Hong Kong shares sank to a two-week low on Friday, led
by growth-sensitive counters with weak turnover magnifying uncertainty
about the outcome of a crucial Communist Party policy meeting starting
this weekend.The Hang Seng Index ended down 0.6 percent on the
day and 2.2 percent on the week at 22,744.4 points, its lowest closing
level since Oct. 25. The China Enterprises Index of the top Chinese
listings in Hong Kong sank 0.8 percent on Friday and 2.7 percent this
week.Bourse turnover stayed below average ahead of China's Nov.
9-12 Third Plenum that will see the country's top leaders gather behind
closed doors to set the economic agenda for the next decade.Investors
will also be watching for monthly figures for China inflation,
industrial output, urban investment and retail sales that are due on
Saturday. Data early on Friday showed China's export growth rebounded
more than expected in October.The manager for both Hang Seng and
China Enterprises indexes is due to release the results of its
quarterly component review after markets close on Friday.Daphne
International and Zhaojin Mining slid after both were among seven
deletions from the MSCI China index at a bi-annual review, while Beijing
Enterprise Water, one of eight additions, climbed 1.4 percent.
