HK shares open up 0.9 pct; China Unicom jumps
HONG KONG, Sept 7 |
HONG KONG, Sept 7 (Reuters) - Hong Kong shares will open 0.9 percent higher on Monday after data showed fewer job cuts in the United States in August while China stocks are set to extend their rally following the latest show of support from Beijing. [ID:nBJC000455]
China Unicom (0762.HK) is set to open 2.2 percent higher after Spain's Telefonica (TEF.MC) said on Sunday it had reached a deal with China's No. 2 wireless operator whereby each would buy $1 billion worth of the other's shares as part of a strategic alliance.
The benchmark Hang Seng Index .HSI was indicated to open 184.23 points higher at 20,502.85.
The China Enterprises Index .HSCE, which represents top locally listed mainland Chinese stocks, was up 1 percent at 11,880.62 while the Shanghai Composite Index .SSEC had risen 1.3 percent.
(Reporting by Parvathy Ullatil; Editing by Jonathan Hopfner)
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