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[放炮] Breaking

Shanghai Composite drops 0.3% in initial trading
HONG KONG (MarketWatch) -- Hong Kong stocks posted modest gains early Wednesday, tracking higher a positive lead from U.S. and other regional markets amid optimism over the fiscal cliff negotiations. The Hang Seng Index HK:HSI +0.40%  rose 0.4% to 22,589.50 and the Hang Seng China Enterprises Index rose 0.6% to 11,371.02. Shares of heavyweight HSBC Holdings PLC HK:5 +0.56%  HBC +0.25%  climbed 0.7%, while China Construction Bank Corp. CICHY +0.12%  HK:939 +1.12%  added 1.3% and China Shenhua Energy Co. CSUAY -0.64%  HK:1088 +2.15%  rose 2%. On the downside, Esprit Holdings Ltd. HK:330 -4.97%  ESPGY -3.60%  tumbled 4.8% after issuing a profit warning. The Shanghai Composite CN:000001 -0.06%  was a tad weaker at 2,161.93 in choppy session after rising for three straight sessions.
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