HK stocks fall as HSBC slides ahead of earnings
(Updates to open)
HONG KONG, March 3 (Reuters) - Hong Kong stocks fell across the board on Monday, tracking losses in global equities on concern over weakness in the U.S. economy, with investors looking ahead to a series of major company earnings due this week.
Global lender HSBC Holdings (0005.HK: Quote, Profile, Research, Stock Buzz) led the blue chips lower ahead of its final results due later on Monday but the downside is expected to be limited on hopes the bank will post better-than-expected results.
HSBC shares opened down 3.07 percent and its Hong Kong unit Hang Seng Bank (0011.HK: Quote, Profile, Research, Stock Buzz) fell 2.2 percent.
The benchmark Hang Seng Index .HSI opened down 3.45 percent at 23,491.57. The China Enterprises Index of Hong Kong-listed mainland companies .HSCE, or H shares, was down 3.75 percent at 13,408.81. (Reporting by Donny Kwok; editing by Anne Marie Roantree)
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