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HK stocks set to open 0.7 pct higher on bargain hunting

Tue Nov 3, 2009 8:55pm EST

Stocks

    
 HONG KONG, Nov 4 (Reuters) - Hong Kong stocks are set to open
up 0.74 percent on Wednesday on bargain hunting after a
two-session decline, while Asia Resources Holdings (0899.HK)
soared after it said it would acquire a stake in an Indonesian
company.
 Asia Resources advanced 23.64 percent after saying it would
buy a 55 percent stake in a mining and iron ore trading venture
in East Java for HK$577.5 million.
 The benchmark Hang Seng Index .HSI was indicated to open up
156.44 points at 21,396.50.
 The China Enterprises Index .HSCE of top locally listed
mainland Chinese stocks was set to rise 1.08 percent to
12,635.68.
 (Reporting by Jun Ebias; Editing by Chris Lewis)



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