Hong Kong shares close down

Hong Kong - Hong Kong shares reversed gains on Friday after higher-than-expected China inflation triggered profit taking in recent outperformers, snapping a two-week winning streak in the process.

The Hang Seng Index closed down 0.4 percent on the day and 0.3 percent on the week at 23,264.1 Points. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.7 percent on Friday and 0.8 percent this week.

The CSI300 of the top Shanghai and Shenzhen A-shares closed down 1.9 percent on the day and 1.6 percent on the week. The Shanghai Composite Index shed 1.8 percent on Friday and 1.5 percent this week.