Hong Kong shares seen up as China may re-open higher

HONG KONG, Oct 9 (Reuters) - Hong Kong shares are seen higher
on Friday, supported by an expected jump in China's stock market,
which will resume trading after being shut for more than a week
due to a public holiday.

Hong Kong will also get a lift from gains on Wall Street
overnight, as investors cheered aluminium producer Alcoa Inc's
(AA.N) surprising third-quarter profit and upbeat data including
declining jobless claims and higher retail sales. [ID:nN08513775]

"China is set to trade higher today (and) that will drive up
the Hong Kong market," said Francis Lun, general manager at
Fulbright Securities.

"Investors in China are starved for action and the market
will play catch up in the global market rally."

Wynn Macau (1128.HK) will be on focus as the gaming company
will debut on Friday. Investors bet that the stock may fall
against its HK$10.08 initial public offering price, seen on the
high side. [ID:nHKG277719]

Companies that debuted on Thursday such as infant formula
makerAusnutria Dairy Corp (1717.HK) did well, with Ausnutria
ending up 27.5 percent.

The benchmark Hang Seng Index .HSI advanced for a fourth
day on Thursday, rising 1.2 percent to 21,492.90, its highest
since Sept. 23.

China's stock market, which was shut from Oct. 1 to 8 for the
National Day holiday, will resume trading on Friday.

STOCKS TO WATCH

* Hutchison Whampoa (0013.HK). Its subsidiary Chi Med forged
a venture with Hain Celestial (HAIN.O) to market and distribute
infant and toddler feeding products in China. [ID:nWLA5190]

* Resource shares such as gold miner Zijin Mining (2899.HK)
and oil producer PetroChina (0857.HK), as a weak U.S. dollar
pushed up gold and oil prices. [ID:nT126331]

* Hunan Nonferrous Metals Corp Ltd (2626.HK) said it was
investigating an accident that killed 26 people and injured five
after two mine cages fell at one of the firm's mines on October
8.
here

* New Focus Auto Tech Holdings Ltd (0360.HK) said on Friday
its Taiwan depository receipts (TDRs) would be listed on the
Taiwan Stock Exchange on Oct 12. It offered 90 million TDRs,
representing 90 million new shares of the company.
here

----------------------MARKET SNAPSHOT @ 2308 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1065.48 0.75% 7.900
USD/JPY JPY= 88.57 0.25% 0.220
10-YR US TSY YLD US10YT=RR 3.2477 -- 0.000
SPOT GOLD XAU= 1051.2 -0.27% -2.800
US CRUDE CLc1 71.33 -0.50% -0.360
DOW JONES .DJI 9786.87 0.63% 61.29
-------------------------------------------------------------
> Wall St gains as Alcoa's profit bolsters optimism [.N]
> Dollar hurt by push to riskier assets; Aussie soars [USD/]
> Bonds fall on poorly received 30-year bond sale [US/]
> Gold rises to record above $1,060/oz on weak dollar [GOL/]
> Oil rises above $71 on recovery hope, weak dollar [O/R]

(Reporting by Jun Ebias, Editing by Jonathan Hopfner)