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HONG KONG (MarketWatch) — Hong Kong shares fluctuated betweeen gains and losses early Tuesday after ending at a 10-month high in the previous session, with the city’s property developers dropping as investors locked in recent gains while energy producers and insurers advanced. The Hang Seng Index slipped 0.1% to 22,591.54 after briefly turning positive, while the Hang Seng China Enterprises Index gave up 0.2% to 12,585.80. Shares of Cheung Kong Holdings Ltd. fell 1.5% and Sun Hung Kai Properties Ltd. lost 1.2% after rising more than 20% since the beginning of September. Cnooc Ltd. and PetroChina Co. rose 0.6% each as Nymex crude-oil futures stayed above $81 a barrel. Also ranking among the gainers, China Life Insurance Co. advanced 1.5%. Mainland Chinese markets remained shut for a holiday.

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