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HK shares open flat on interest rate worries

Mon Jun 23, 2008 9:56pm EDT

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HONG KONG, June 24 (Reuters) - Hong Kong shares will open 0.08 percent lower on Tuesday as investors assume a cautious stance ahead of the U.S. Federal Reserve meeting tonight and on expectations of another interest rate hike in China.

China

Cathay Pacific Airways (0293.HK) fell 2.1 percent as international crude oil prices continued to rally after a supply disruption in Nigeria.

The Hang Seng Index .HSI opened 17.70 points lower at 22,697.26.

The China Enterprises Index .HSCE of top locally listed mainland firms fell 0.3 percent to 12,204.85. (Reporting by Parvathy Ullatil; Editing by Anne Marie Roantree)

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