HONG KONG Feb 21 Hong Kong shares were set to
open lower on Thursday, with property stocks leading the slide
following Beijing's latest move to curb frothy real estate
Belle International Holdings Ltd, China's top
footwear retailer, dropped 12.9 percent after saying it expected
its 2012 net profit would be marginally higher than in 2011, and
would be at the lower end of a range of estimates contained in
certain analysts' reports.
The Hang Seng Index was set to open down 1.2 percent
at 23,026.18. The China Enterprises Index of the top
Chinese listings was indicated to start down 1.5 percent.