Hong Kong shares close down

Hong Kong - Hong Kong shares reversed early gains on Monday, as investors took profit on Chinese insurers after mainland regulators approved HSBC's sale of its remaining stake in Ping An Insurance.

The Hang Seng Index ended down 0.2 percent at 23,685 points, faltering at chart resistance around 23,900 for the second time in four days. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.5 percent.

In the mainland, the CSI300 of the top Shanghai and Shenzhen A-share listings ended up 0.2 percent at 2,748 points, its highest close since November 2011. The Shanghai Composite Index gained 0.4 percent.