Hong Kong shares to open up 0.4 percent at 16-month high

HONG KONG Tue Dec 11, 2012 8:26pm EST

HONG KONG Dec 12 (Reuters) - Hong Kong shares were set to open up 0.4 percent on Wednesday following a strong showing on Wall Street, with increased merger activity encouraging investors back into the market.

The Hang Seng index was set to open at 16-month high at 22,412.9 while the China Enterprises index was indicated to open up 0.6 percent.