HK shares little changed; developers weigh

HONG KONG, Dec 4 (Reuters) - Hong Kong shares closed litte changed on Thursday, wiping out a 2 percent gain earlier in the day, as investors dumped local developers after lenders such as HSBC (0005.HK) raised their Hong Kong mortgage rates.

Sentiment turned grim in the afternoon session after Swiss lender Credit Suisse (CSGN.VX) said it had a net loss of $2.5 billion at the end of November and that it was shedding 5,300 jobs. [ID:nL4454056]

The benchmark Hang Seng Index .HSI unofficially closed down 0.13 percent at 13,571.01 points.

The China Enterprises Index of top locally listed mainland Chinese firms .HSCE was up 0.3 percent at 7,257.16.

Cheung Kong (Holdings) (0001.HK) fell 2.7 percent. HSBC lost 1 percent.

(Reporting by Jun Ebias; Editing by Anne Marie Roantree)