Hong Kong lower, Shanghai higher after data

Hong Kong's stock market declined in early trade Thursday, with investors chewing over Chinese economic data showing growth of 8.9% on year for the third quarter. Hong Kong's Hang Seng Index was down 0.5% at 22,209.5 after 15 minutes of trade, with the mainland-Chinese-focused Hang Seng China Enterprises Index down 0.4% at 12,950.7. Telecoms were among the loss leaders, with China Unicom Ltd. /quotes/comstock/22h!e:762 (HK:762 10.82, -0.16, -1.46%) /quotes/comstock/13*!chu/quotes/nls/chu (CHU 14.02, -0.03, -0.21%) down 1.5%, and China Telecom Corp. /quotes/comstock/22h!e:728 (HK:728 3.64, -0.09, -2.42%)

/quotes/comstock/13*!cha/quotes/nls/cha (CHA 47.91, -0.88, -1.80%) losing 2.7%. Energy shares improved, however, amid rising crude-oil futures, with PetroChina Co. /quotes/comstock/22h!e:857 (HK:857 10.22, +0.04, +0.39%) /quotes/comstock/13*!ptr/quotes/nls/ptr (PTR 131.39, -0.56, -0.42%) and Cnooc Ltd. /quotes/comstock/22h!e:883 (HK:883 12.26, +0.06, +0.49%) /quotes/comstock/13*!ceo/quotes/nls/ceo (CEO 156.57, -2.34, -1.47%) both edging up 0.2%.

On the mainland, however, the Shanghai Composite turned positive after the data release, rising 0.1%. Among top gainers there was Aluminum Corp. of China /quotes/comstock/28c!e:601600 (CN:601600 14.59, +0.13, +0.90%) , up 1.6%

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