Hong Kong shares end 0.1 pct lower

Hong Kong shares gave up earlier gains to end slightly lower on Tuesday as market players pared long positions after China announced a sixth hike in banks8217; reserve requirements to drain excess liquidity and tame inflation.

The Hang Seng Index closed down 0.1 per cent at 22,496 points; turnover,which was relatively light by midday,accelerated as losses deepened.

The China Enterprises Index barely held on to gains closing up 0.5 per cent on the day.

On the mainland,the Shanghai Composite ended up 1.1 per cent with the market closing before the latest reserve requirement was announced. Developers led gains in Shanghai as property investment remained on a solid footing in May.