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HK shares open up 0.4 pct; China property stocks hit

Wed Jul 8, 2009 9:56pm EDT

HONG KONG, July 9 (Reuters) - Hong Kong shares will open up 0.4 percent with a three-day pullback triggering bargain buying in local bank and property stocks, but Chinese property developers are set for a rough ride on mounting concern Beijing may clamp down on lending.

The benchmark Hang Seng Index .HSI will start 72.54 points higher at 17,793.61.

The China Enterprises Index .HSCE, which represents top locally listed mainland Chinese stocks, will open 0.6 percent higher at 10,637.25. (Reporting by Parvathy Ullatil; Editing by Chris Lewis)



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