HONG KONG, April 13 (Reuters) - Hong Kong stocks fell 0.19percent on Friday as investors focused on a string of earningsresults while retail counters such as Li & Fung (0494.HK: Quote, Profile , Research) slid ona poor outlook for U.S. retail sales in April.

"There's a lack of direction in the market," said Peter Lai,director at DBS Vickers. "And there's a lack of momentum at the20,400 level. The market will be choppy in the short term, asinvestors continue to take profits even on good news."

The benchmark Hang Seng Index lost 39.24 points toclose Friday at 20,340.97. The China Enterprises index ofmainland H shares inched 0.07 percent lower to 10,156.27.

China's biggest cement maker, Anhui Conch Co. Ltd. (0914.HK: Quote, Profile , Research)(600585.SS: Quote, Profile , Research), climbed as high as 7.6 percent after it said its2006 net profit more than doubled. The stock ended 5.8 percenthigher.

China Life Insurance (2628.HK: Quote, Profile , Research), the country's biggest lifeinsurer, rose 2.22 percent in anticipation of its earningsresults, due on Tuesday. Continued...

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