HONG KONG Dec 24 Hong Kong shares could start
the week lower on Monday, tracking Wall Street's losses on U.S.
fiscal concerns that are likely to be exacerbated by turnover
weakened by the Christmas holiday.
Hong Kong financial markets will shut at noon on Monday and
reopen on Thursday.
Last Friday, the Hang Seng Index shed 0.7 percent,
its worst daily loss since Dec. 3, to knock the benchmark off a
near 17-month high to 22,506.3. It slipped 0.4 percent last
week, its first weekly loss in five.
Elsewhere in Asia, South Korea's KOSPI was flat at
0059 GMT, while Japan's financial markets are closed for
FACTORS TO WATCH:
* Austria's competition authority said it would not appeal
against Telekom Austria's acquisition of Orange's
budget mobile brand Yesss, freeing Hutchison Whampoa
to buy Orange Austria in a 1.3 billion euro ($1.7 billion) deal
that was conditional on the Yesss sale.
* China, the world's top coal importer, said it would scrap
a regulation capping spot thermal coal prices, and would as of
2013 no longer intervene in annual coal price negotiations
between sellers and utilities.
* In September, two months after China's state-owned CNOOC
Ltd made an unexpected $15.1 billion bid for Canadian
energy company Nexen Inc, Canada's spy agency told
ministers that takeovers by Chinese companies may threaten
* China has banned senior military officers from holding
alcohol-fuelled banquets or from staying in luxury hotels when
on work trips, the latest move by Communist Party chief Xi
Jinping to fight corruption, state media reported on Saturday.
* Boeing and China Airlines announced an
order for six 777s valued at about $2 billion.