HONG KONG Sep 10 Hong Kong shares are set to
extend gains on Tuesday, taking heart from a Wall Street rally
overnight and a recent raft of upbeat Chinese data that pointed
to signs of stability in the world's second-largest economy.
On Monday, the Hang Seng Index closed up 0.6 percent
at 22,750.7 points. The China Enterprises Index of the
top Chinese listings in Hong Kong rose 1.9 percent.
Elsewhere in Asia, Japan's Nikkei was up 1.4
percent, while South Korea's KOSPI was up 0.7 percent at
FACTORS TO WATCH:
* Fast fashion, even faster. That's the next target Esprit
Holdings' CEO Jose Manuel Martínez Gutiérrez is aiming
for as the Zara-brand veteran steers the Hong Kong-based
clothing retailer through a $2.3 billion turnaround.
* Russia's Norilsk Nickel, the world's biggest
nickel producer, will have to change its dividend policy due to
weak metals markets, its chief executive and co-owner Vladimir
Potanin said in a newspaper interview on Monday. The dividends
are important for all the company's shareholders, including
aluminium giant Rusal, which has net debt of around
$10 billion and is struggling with a weak aluminium market.
* Hungary's energy wholesaler MVM on Monday signed
a financing agreement worth 300 million euros ($395 million)
with the Bank of China, the Hungarian government's external
affairs and foreign trade secretary Peter Szijjarto said.
* China Huishan Dairy plans to raise up to $1.3 billion in a
Hong Kong initial public offering to fund its expansion, with
the world's No.2 economy expected to catch up with its Asian
peers in the consumption of infant formula, yogurt and fresh
* Sihuan Pharmaceutical Holdings Group Ltd said
its major shareholders Plenty Gold Enterprises Limited and MSPEA
Pharma Holdings B.V., have agreed to sell an aggregate 350
million existing shares of the company to third party investors
at an undisclosed price, reducing their stake to a respective
48.26 and 5.24 percent from their current holdings of 53.09 and
* Yanzhou Coal Mining Co Ltd said its controlling
shareholder Yankuang Group Co Ltd has increased its stake in the
company by acquiring 97.72 million H shares in Hong Kong,
raising its overall holding in the company to 54.85 percent from
52.86 percent.(Reporting by Yimou Lee and Donny Kwok; Editing by Shri