HSI ends down 17 pts at 28,142 midday; turnover at HK$57bn

   HK stocks closed little changed on Tuesday morning session despite the Dow closed another record high overnight. The Hang Seng Index opened up 40 points to 28,200. It briefly rose 88 points and then fell 127 points to an intra-day high and low of 28,248 and 28,032.
  The Hang Seng Index ended down 17 points or 0.1% to 28,142. The H-share index fell 55 points or 0.5% to 11,140. Half-day turnover decreased to HK$57 billion from HK$59.8 billion on Monday.
  Some mainland developers saw profit-taking pressure. China Overseas Land & Investment (00688) dipped 1.9% to HK$28.65. China Resources Land (01109) edged down 0.2% to HK$27.15.
  The FOMC is scheduled to start a two-day meeting tonight. Market analysts generally expect a balance sheet roll-off announcement and no hike of interest rate. Local property counters were lower. Cheung Kong Property (01113) fell 1% to HK$67.1. Wharf Holdings (00004) slipped 1.4% to HK$70.95.
  HSBC (00005) bucked the downtrend, rising 1% to HK$76.95. Hong Kong Exchanges & Clearing (00388) nudged up 0.5% to HK$219.2 after UBS Research lifted its target price to HK$245.
Pacific Basin Shipping (02343) jumped 3.8% to HK$1.9 as the Baltic Dry Index hit three-year high.