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Hong Kong shares open down 2.04 percent

Wed Jun 18, 2008 9:59pm EDT

Stocks

   

HONG KONG, June 19 (Reuters) - Hong Kong shares will open 2.04 percent lower on Thursday, dragged down by a sharp pull-back in oil stocks, property plays and Chinese financials after Wednesday's rally.

China

Offshore oil producer CNOOC (0883.HK) was down 3.3 percent. Sun Hung Kai Properties, Hong Kong's top property developer slumped 2.4 percent. China Life (2628.HK) fell 2.4 percent and smaller rival Ping An (2318.HK) gave up 3.9 percent.

The Hang Seng Index .HSI was set to open down 476.44 points at 22,849.36.

The China Enterprises Index .HSCE of top locally listed mainland stocks was 2.5 percent lower at 12,510.35. (Reporting by Parvathy Ullatil; Editing by Anne Marie Roantree)

China


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