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HK shares open up 2 pct; Lenovo soars

Sun Jan 4, 2009 9:00pm EST

Stocks

   

HONG KONG, Jan 5 (Reuters) - Hong Kong shares will open 2 percent higher on Monday, with telecom stocks warming up for another day of strong gains amid hopes for the issuance of 3G licences while energy stocks are set to track rising oil prices.

China

China's Lenovo Group (0992.HK), the world's No.4 personal computer maker, is set to open 7.3 percent higher. The PC maker expected to announce a major restructuring plan on Jan. 8 including changes of its top management, Chinese magazine Caijing reported on Friday, quoting unidentified sources.

The Hang Seng Index .HSI was indicated to open 306.52 points higher at 15,349.33.

The China Enterprises Index of top locally listed mainland Chinese firms .HSCE will open up 2.5 percent at 8,524.29.

(Reporting by Parvathy Ullatil; Editing by Jonathan Hopfner)

China


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