2013.06.1104:49:24UTC+00Hong Kong stocks move sideways on Tuesday action

Hong Kong stocks tread water Tuesday ahead of a holiday, but with banks and property developers trading mostly down. The Hang Seng Index sat flat at 21,617.81, with the Hang Seng China Enterprises Index missed 0.4% as mainland Chinese markets remained closed for the Dragon Boat Festival. Hang Lung Properties Ltd. declined 2.7%, Sino Land Co. slid 1.8%, Bank of Communications Co. relinquished 1.1%, and HSBC Holdings PLC gave up 0.7%. Shares of Gome Electrical Appliances Holding Ltd. bolster 1.3% after the firm said its e-commerce business would turn a profit in 2014, according to Reuters. But stock in Yue Yuen Industrial Holdings Ltd. retreated 2.7% after announcing May revenue figures.