HONG KONG Oct 7 Hong Kong shares will likely
struggle on Monday as investors fret over the lack of progress
in resolving the festering U.S. budget standoff.
Mainland Chinese markets will resume trading on Tuesday
after a week-long National Day holiday. Data for September money
supply and loan growth due from Tuesday will kickstart a fresh
batch of China economic data.
On Friday, the Hang Seng Index ended down 0.3 percent
at 23,138.5 points, and was also off 0.3 percent for the week.
The China Enterprises Index ended flat on Friday and up
0.2 percent for the week.
Elsewhere in Asia, Japan's Nikkei was flat, while
South Korea's KOSPI was up 0.1 percent at 0058 GMT.
FACTORS TO WATCH:
* China will replace four coal-burning heating plants in the
capital Beijing with natural gas fired ones by the end of next
year as it steps up efforts to clean up pollution, the official
Xinhua news agency reported on Saturday.
* Hong Kong conglomerate Hutchison Whampoa Ltd's
utility Power Assets Holdings is raising a HK$37.5
billion ($4.84 billion) loan to back the spinoff of Hongkong
Electric (HKE), bankers told Thomson Reuters Basis Point on
* Malaysian state investor Khazanah Nasional will pay 486
million ringgit, or $152.1 million, for a stake of 4.95 percent
in Beijing Enterprises Water Group Ltd, as it looks to
tap into China's booming water treatment sector.
* King Fook Holdings says it expects to incur a
loss for the six months that ended Sept. 30.
* Singapore's sovereign wealth fund Temasek and
Chinese refiner Sinopec have approached Spanish oil
company Repsol over its 4.7 billion euro ($6.4 billion)
stake in Gas Natural, the Financial Times reported on
* Norilsk Nickel, the world's biggest nickel and
palladium producer, is set to trim spending to some $2 billion a
year until 2018, with the bulk of that spent on developing
lucrative Soviet-era operations in Russia's far north. Norilsk,
partially owned by Russian tycoon Vladimir Potanin and aluminium
giant Rusal, said nickel output would rise just 2.6
percent by 2018 to as much as 235,000 tonnes.
* China LotSynergy Holdings Ltd said the
stock exchange has approved its transfer of listing from GEM
board to the main board, and dealing in the shares on the main
board will commence on October 16.(Reporting by Clement Tan and Donny Kwok; Editing by Shri