HONG KONG, April 8 Hong Kong shares may record a
third-straight day of declines on Monday, tracking Friday's Wall
Street losses after underwhelming U.S. jobs data stoked worries
about the recovery in the world's largest economy.
Mainland China markets reopen after a four-day holiday
weekend and could react to bird flu jitters as the World Health
Organization (WHO) said there had now been 21 human cases of the
H7N9 flu with six deaths in China.
On Friday, the Hang Seng Index ended down 2.7 percent
at 21,726.9, and the China Enterprises Index of the
leading Chinese listings in Hong Kong shed 3.1 percent. Both
indexes ended at their lowest points since Nov. 28.
Elsewhere in Asia, Japan's Nikkei was up 2.4
percent, led by expectations the Bank of Japan will soon start
implementing its super-easy monetary policy, while South Korea's
KOSPI was down 0.1 percent at 0105 GMT.
FACTORS TO WATCH:
* Hong Kong-based Hutchison Whampoa could end up
with a 10 percent stake in Italy's Telecom Italia, if
talks over a tie-up between Hutchison's Italian mobile phone
business and Telecom Italia are successful, daily La Repubblica
* Italian fashion house Prada SpA plans to focus
its next retail push on the Middle East and the Americas to
offset lower spending in Europe and lessen its reliance on Asia,
where booming growth is levelling off.
* Tencent Holdings is unlikely to charge any fees
for the use of its popular mobile chatting application, its
chief executive was quoted as saying, after a cabinet minister
caused an uproar by saying users might have to pay fees in
* Shui On Land Ltd said its contracted property
sales for March amounted to 655 million yuan, bringing the
accumulated contracted property sales to 3.18 billion yuan for
the first three months of 2013, representing 35 percent of its
full year property sales target of 9 billion yuan.
* Same Time Holdings Ltd said it had entered into
non-legally binding memorandum of understanding with GCL-Poly
Energy Holdings Ltd's chairman Zhu Gongshan for buying
interests in certain power plants in China for more than HK$5
billion, in a deal to be settled by issue of new shares. It said
it may result in a change in control.
* KWG Property Holding Ltd said its pre-sales
value amounted to 1.53 billion yuan for March compared to 1.14
billion in February, and 1.03 billion in March in 2012.(Reporting by Clement Tan and Donny Kwok; Editing by Shri