HONG KONG, Oct 8 Hong Kong stocks are set to open
0.83 percent higher, with shipping companies rising on higher
freight costs, while local developers gain on hopes a global
economic recovery will lift demand for property.
The benchmark Hang Seng Index .HSI was set to open up
176.68 points at 21,418.27. The China Enterprises Index .HSCE
of top locally listed mainland Chinese stocks was set to rise
0.90 percent to 12,430.12.
China Cosco (1919.HK) rose 1.96 percent, while China Shipping
Development (1138.HK) was up 2.23 percent. The Baltic Exchange's
main sea freight index .BADI, which tracks shipping rates for
dry commodities, rose to a seven-week high on Wednesday.
Hong Kong developer Sun Hung Kai Properties (0016.HK)
advanced 2.84 percent.
(Reporting by Jun Ebias; Editing by Chris Lewis)