HK stocks dip 0.2 pct by midday, property & textiles lower

Newswire

HONG KONG, May 23 (Reuters) - Hong Kong stocks fell a quarter of a percent by midday on Monday with property shares hurt by signs of weak sales following an interest rate hike last week and with investors citing a lack of fresh news. "Investors are waiting for new clues. But property stocks are under presure because of interest rates," said Louis Wong, research director at Phillip Securities. The blue-chip Hang Seng Index fell 0.24 percent, or 33.32 points, to 13,684.10 by the midday ...

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