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HK shares open down 1.1 pct as financials slide

Wed Jul 9, 2008 9:55pm EDT

Stocks

   

HONG KONG, July 10 (Reuters) - Hong Kong shares will open 1.1 percent lower on Thursday, with financial stocks taking the biggest hit as concerns over the credit crisis take the spotlight again, sending cautious investors to the sidelines.

China

Shares in Europe's largest bank, HSBC Holdings (0005.HK), were set to open 1.1 percent lower, leading losses on the main index.

The Hang Seng Index .HSI will open down 243.74 points at 21,562.07.

The China Enterprises Index .HSCE of top locally listed mainland banks outperformed was set to open 1.2 percent lower. (Reporting by Parvathy Ullatil; Editing by Anne Marie Roantree)

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