HONG KONG Aug 27 Hong Kong shares could start
steady on Tuesday, with the upside likely to be capped as
investors await trading cues from earnings reports and policy
indications in China.
On Monday, the Hang Seng Index closed up 0.7 percent
at 22,005.32 points and the China Enterprises Index of
the top Chinese listings in Hong Kong rose 1.4 percent. Both had
their biggest daily percentage gains since Aug. 13.
Elsewhere in Asia, Japan's Nikkei was down 0.4
percent and South Korea's KOSPI was down 0.1 percent at
FACTORS TO WATCH:
* Chinese gold miner Zhaojin Mining Industry Co Ltd
posted a 23 percent rise in first-half net profit to
2.37 billion yuan.
* A consortium of Chinese investors, comprising China
Metallurgical Group and Jiangxi Copper, has demanded a review of
a landmark $3 billion deal to produce copper in Afghanistan, the
Ministry of Mines said on Monday, putting at risk one of Kabul's
greatest hopes for economic independence.
* Shanghai Fosun Pharmaceutical (Group) Co Ltd
, a pharmaceutical unit of China's Fosun
International Ltd, said its first-half net profit
jumped 50 percent to 1.1 billion yuan.
* Chinese steel prices are likely to weaken in the second
half as supply continues to outstrip demand, a senior executive
with Baoshan Iron & Steel, the country's biggest
listed steelmaker by market value, said on Monday.
* Poly Real Estate Group Co Ltd said its
first-half net profit rose 36 percent to 3.4 billion yuan.
* China Construction Bank's chief risk
officer Zeng Jianhua said on Monday that the central bank is
currently seeking industry input on a plan to allow commercial
banks to issue certificates of deposit.
* China Southern Airlines Co Ltd
, the country's largest carrier by
fleet size, said its first-half net profit fell 19 percent to
344 million yuan.
* MTR Corporation Ltd, a Hong Kong subway
operator, said its first-half net profit rose 6.4 percent to
* Evergrande Real Estate Group Ltd, a Chinese
property developer, said its first-half profit rose 10 percent
to 6.2 billion yuan.
* China Shenhua Energy , the country's
largest coal producer, plans to buy a massive coal chemical
project from its parent, Chairman Zhang Xiwu said on Monday.