Jan 14 (Reuters) - Hong Kong shares finished lower on
Friday, weighed by losses in tech giants, while gambling stocks
surged as investors bought the dip on bets the sector is
The Hang Seng index fell 0.2% to 24,383.32, while the
China Enterprises Index lost 0.6% to 8,554.79.
** For the week, the Hang Seng index jumped the most in 14
months to end up 3.8%, while the China Enterprises Index gained
** The Hang Seng Tech index fell 0.5%, tracking
Wall Street's losses after hawkish remarks from Federal Reserve
officials. Alibaba Group and Meituan shed
2.2% and 2.5%, respectively
** Sands China Ltd surged 7.1% to become the
biggest percentage gainer on the Hang Seng Index, and a
sub-index tracking gaming stocks listed in Hong Kong
** "After experiencing a series of negative events in 2021,
Macau Gaming is now one of the most attractive sectors for
long-term investors from risk-reward and valuation
perspectives," Daiwa said in a note.
** China Evergrande Group added 0.6% as it secured
a crucial approval from onshore bondholders to delay payments on
one of its bonds.
** However, the Hang Seng Mainland Properties Index
ended lower 0.5%, as more cash-strapped developers scrambled to
avert defaults or raise money.
** China Cinda Asset Management slumped nearly 10%
after it planned to scrap an agreement to buy a 20% stake in the
consumer finance arm of Ant Group, worth 6 billion yuan ($943.83
(Reporting by the Shanghai Newsroom; Editing by Subhranshu