HONG KONG Oct 15 Hong Kong shares could start
higher on Tuesday after senior U.S. Senate leaders indicated
that they were within striking distance of a deal that could
resolve a fiscal standoff and help avert an unprecedented U.S.
Senate Majority Leader Harry Reid, a Democrat, and his
Republican counterpart, Mitch McConnell, ended a day of constant
talks with optimistic proclamations, as details leaked out of
the pact they were negotiating.
Financial markets in the Chinese territory were shut on
Monday for a public holiday.
Chinese data on Monday showed 787 billion yuan of new loans
were recorded in September, topping expectations for 650 billion
yuan, while September consumer inflation hit a seven-month high
at 3.1 percent.
Trade data released on Sunday showed the country's exports
dipping 0.3 percent in September from a year earlier, versus
expectations for a 6 percent rise. More data are due on Oct. 18,
including third quarter GDP growth.
The Hang Seng Index ended up 1.2 percent at 23,218.3
points on Friday, while the China Enterprises Index of
the top Chinese listings in Hong Kong also rose 1.2 percent.
Elsewhere in Asia, Japan's Nikkei was up 0.5
percent, while South Korea's KOSPI advanced 1.1 percent
at 0045 GMT.
FACTORS TO WATCH:
* China-focused water treatment company SIIC Environment
Holdings Ltd, a unit of Shanghai Industrial Holdings
Ltd, is raising S$260.2 million ($208.7 million) by
selling new shares to investors including Chinese sovereign
wealth fund CIC and private equity firm RRJ Capital.
* China's regulators have fined Ping An Insurance's
securities unit for helping a fraudulent Chinese
company to list its shares on the stock market, a move
underlining Beijing's determination to clean up the market.
* Sunny Optical Technology Group Co Ltd said it
has temporarily suspended operation of its production facilities
in China's Yuyao due to severe flooding.
* Huaneng Renewables Corp Ltd announced the
placing of new H shares under a general mandate, raising gross
proceeds of about HK$1.58 billion.
* Haitong Securities Co Ltd says its
key securities business and asset management unit posted
combined net profit of 462 million yuan ($76 million) in
* CITIC Securities Co Ltd says its main
securities business, including Zhejiang and Wantong units,
posted combined Sept net profit of 781 million yuan ($128
* BBMG Corp says to issue 500.9 million
A shares at the subscription price of 5.58 yuan per share.