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HK shares fall 1.7 pct, hit by credit concerns

Mon Jul 14, 2008 9:58pm EDT

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HONG KONG, July 15 (Reuters) - Hong Kong stocks will open 1.7 percent lower on Tuesday, following another sombre session on Wall Street on continued concern over further fallout from the credit crisis.

The benchmark Hang Seng Index .HSI was down 370.42 points at 21,644.04.

Railway operator MTR Corp (0066.HK) was the only Hang Seng Index stock to open in the black, eking out a small gain as investors sought safe havens amid volatile global markets.

The China Enterprises Index .HSCE of top locally-listed Chinese firms was set to open 2.2 percent lower. (Reporting by Parvathy Ullatil; Editing by Anne Marie Roantree)



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