Hong Kong stocks erase gains

The most actively traded issue,China Mobile lost 1.6 percent after the world’s biggest mobile carrier reported first-quarter earnings that were below forecasts.

The benchmark Hang Seng Index ended down 112.45 points at 21,510.93. The China Enteprise Index of top locally listed mainland Chinese stocks fell 0.53 percent.

China Construction Bank slid almost 2 percent. Mortgage loans would likely ease after Beijing took further steps to curb fast-rising property prices,dealers said.