(From Business Daily Update)
Headline: HK shares fall 0.4% on profit-taking led by properties
Hong Kong share prices fell 0.4 percent in relatively thin trade on October 21 as investors sought to lock in recent profits, notably in several key property stocks, AFP reported citing dealers.
The Hang Seng Index closed down 42.71 points at 9,570.36 on trade of HK$4.33 billion (US$555 million).
"We are seeing profit-taking, and I think both the local market and overseas markets have been overbought recently," KGI Securities associate director Ben Kwong said.
"We have seen the Hong Kong market gain almost 1,000 points in …