Hong Kong shares to open down 1.2 pct, property drags
HONG KONG Feb 21 (Reuters) - Hong Kong shares were set to open lower on Thursday, with property stocks leading the slide following Beijing's latest move to curb frothy real estate markets.
Belle International Holdings Ltd, China's top footwear retailer, dropped 12.9 percent after saying it expected its 2012 net profit would be marginally higher than in 2011, and would be at the lower end of a range of estimates contained in certain analysts' reports.
The Hang Seng Index was set to open down 1.2 percent at 23,026.18. The China Enterprises Index of the top Chinese listings was indicated to start down 1.5 percent.
- Police hunt for motive as search for Malaysian jet spans hemispheres |
- Malaysian PM says lost airliner was diverted deliberately |
- Crimeans vote on union with Russia as troops build up rapidly |
- Democrats seek ways to limit Obamacare fallout after Florida defeat
- Police make third arrest in murder of Colorado socialite