HSI ends down 108 pts at 28,051, turnover at HK$99.6bn

   HK stocks closed lower on Tuesday 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 108 points or 0.4% to 28,051. The H-share index fell 70 points or 0.6% to 11,125. Turnover decreased to HK$99.6 billion from HK$112 billion on Monday. 
  The northbound quota balance of the "Shanghai-HK Connect" program was RMB13.088 billion, surpassing the daily allowed quota of RMB13 billion. It means sell trade value was larger than buy order value, with RMB88 milllion net outflow. The southbound quota balance was RMB9.068 billion, accounting for 86.4% of the daily allowed quota of RMB10.5 billion.
  As for the Shenzhen-HK Connect, the northbound quota balance was RMB12.669 billion, accounting for 97.5% of the daily allowed quota of RMB13 billion. The southbound quota balance was RMB9.94 billion, accounting for 94.7% of the daily allowed quota of RMB10.5 billion.
  Chinese automakers bucked the market downtrend today. Geely Automobile (00175) added 1.6% to HK$22.7. (02238) shot up 4.5% to HK$18.12 after it announced a tie-up with Tencent (00700) to develop intelligent driving business. 
  Some mainland developers saw profit-taking pressure. China Overseas Land & Investment (00688) dipped 2.6% to HK$28.45 becoming the worst performing blue chip. Shimao Property (00813) edged down 0.6% to HK$17.46.
  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. Sino Land (00083) slipped 1% to HK$13.82.