HONG KONG May 30 Hong Kong shares could start
lower on Thursday, tracking Wall Street losses with investors
fretting about the implications of a potential tapering off of
the Federal Reserve's monetary stimulus programme.
On Wednesday, the Hang Seng Index and China
Enterprises Index of the top Chinese listings in Hong
Kong each fell 1.6 percent.
The Hang Seng benchmark dipped back into negative for the
year, now down 0.5 percent in 2013, compared with the 6 percent
slide on the H-share index.
Elsewhere in Asia, Japan's Nikkei was down 2
percent, while South Korea's KOSPI was flat at 0100 GMT.
FACTORS TO WATCH:
* Property developer and infrastructure group Hopewell
Holdings Ltd said on Thursday it plans to seek a
separate listing of its properties unit in Hong Kong, raising
net proceeds of about HK$5.4 billion ($696 million).
* Chinese conglomerate Fosun International Limited
said it has teamed with Alibaba Group and other
parties to jointly develop a nationwide logistics
infrastructure. Fosun said it will contribute 500 million yuan
for its 10 percent interests in the project.
* China Eastern Airlines Corp Ltd said it would
issue 2.2 billion yuan worth of yuan denominated guaranteed
bonds due 2016 with a coupon of 3.875 percent, raising net
proceeds for working capital. Deutsche Bank, HSBC, Standard
Chartered and Agricultural Bank of China are joint bookrunners.(Reporting by Yimou Lee and Donny Kwok; Editing by Jacqueline