HONG KONG (MarketWatch) — Hong Kong stocks moved tentatively as trading began for the first time this year on Monday, with local property stocks and banks mixed amid concerns U.S. interest rates may see an increase sooner than expected. The Hang Seng Index rose 0.2% to 21,915.99 after opening in the red, while the Hang Seng China Enterprises Index rose 0.4% to 12,843.17. HSBC Holdings Plc. slipped 0.1% and Bank of East Asia Ltd. gave up 0.3%, while Bank of Communications Co. Ltd. added 1%. Among property names, China Overseas Land & Investment Ltd. advanced 0.4%, while Sino Land Co. Ltd. dropped 0.4%. China’s Shanghai Composite fell 0.4% to 3,264.84, giving up early gains.
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