HONG KONG Aug 30 Hong Kong shares could extend
gains into a second day on Friday as favourable U.S. data and
increases on Wall Street gains lift sentiment, and as possible
U.S.-led military action against Syria appeared less likely.
On Thursday, the Hang Seng Index rose 0.8 percent to
21,704.78, and the China Enterprises Index of the top
Chinese listings in Hong Kong rose 0.9 percent. For the week,
they are now down 0.7 percent and 0.8 percent, respectively.
Elsewhere, Japan's Nikkei was up 0.4 percent and
South Korea's KOSPI was up 0.2 percent at 0046 GMT.
FACTORS TO WATCH:
* China's largest bulk shipper, China COSCO Holdings Co Ltd
, posted a first-half net loss of 990
million yuan ($162 million) due to a global shipping downturn,
though the loss narrowed from a year earlier.
* Tsingtao Brewery Co Ltd , the company
behind China's best-known beer brand, posted a 38.5 percent rise
in first-half net profit, beating forecasts due to a better
product mix and lower raw material costs.
* Industrial and Commercial Bank of China
, the country's biggest lender, does not see bad loan
growth accelerating in the second half, its chairman said.
* China's top four banks, ICBC, China Construction Bank
, Agricultural Bank of China
and Bank Of China ,
posted better-than-expected quarterly profits.
* Angang Steel Co Ltd , which makes and
distributes steel and related products, returned to the black
with a first-half net profit of 702 million yuan.
* The world's second-largest insurer by market
capitalisation, Ping An Insurance Group Co of China Ltd,
reported stronger-than-expected profits despite a smaller
contribution from its banking business.
* The world's top nickel and palladium miner, Norilsk Nickel
, part owned by Russian tycoon Vladimir Potanin and
aluminium giant Rusal, recorded a 63 percent fall in
first half net profit due to non-cash write-offs.
* CITIC Securities Co Ltd , China's
largest brokerage, said net profit for the six months to June
fell 6.2 percent as an IPO freeze and economic slowdown in China
weigh on brokers.
* China's largest automaker, SAIC Motor Corp,
posted a 6 percent rise in first-half net profit, boosted by
strong sales at its joint ventures with General Motors Co
and Volkswagen AG.