Hong Kong moves in a range;
Hong Kong shares moved in a range close to break-even level early Monday as trading resumed for the first time since Lunar New Year holidays, with a fall in resource stocks countering gains in Europe-exposed companies such as HSBC Holdings PLC and Esprit Holdings Ltd. The benchmark Hang Seng Index slipped 0.1% to 23,878.81 after a higher opening, while the Hang Seng China Enterprises Index fell 0.4% to 12,659.85.
China will soon allow Hong Kong to settle cross-border trade in the Chinese yuan, the central bank governor said Friday, in a move seen as a step towards the greater convertibility of the currency.