HK shares fall 1.5 pct on U.S., China worries

HONG KONG, June 23 (Reuters) - Hong Kong shares will open 1.5 percent lower on Monday on concern over further mortgage-related write-downs at major U.S. banks and a possible interest rate hike in China following its fuel price increases.

The Hang Seng Index .HSI opened 338.51 points lower at 22,407.09.

The China Enterprises Index .HSCE of top locally listed mainland firms fell 1.8 percent to 12,126.69.

Aluminum Corp of China (2600.HK) tumbled 4.9 percent after the company said on Friday its first-half profit was expected to fall at least 50 percent, ravaged by mounting production costs and falling prices of its main product, alumina. (Reporting by Parvathy Ullatil; Editing by Anne Marie Roantree)