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HK shares open 0.5 pct weaker; snap 4-day rally

Tue May 5, 2009 9:57pm EDT

Stocks

   

HONG KONG, May 6 (Reuters) - Hong Kong shares will start 0.5 percent lower on Wednesday, pulling back after a four-day advance as investors turn cautious ahead of U.S. bank stress-test results on Thursday.

Bank of America (BAC.N) has been deemed to need an additional $34 billion in capital, according to the results of a government stress test, a source familiar with the results told Reuters. [ID:nN05514181]

The benchmark Hang Seng Index .HSI was down 81.32 points at 16,348.76.

The China Enterprises Index .HSCE of top mainland companies was set to start 1 percent lower at 9,511.02.

(Reporting by Parvathy Ullatil; Editing by Chris Lewis)



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