HK shares open down 1 pct; Sichuan Expressway gains

Sun Jul 5, 2009 10:00pm EDT
 
[-] Text [+]

HONG KONG, July 6 (Reuters) - Hong Kong shares opened 1 percent lower on Monday as falling energy and other commodity prices weighed, but Chinese toll road operator Sichuan Expressway is set to buck the trend after announcing plans to list in Shanghai.

Sichuan Expressway Co (0107.HK) will open 4.2 percent higher at HK$3.51 after it said it planned to raise as much as 2 billion yuan ($292 million) via a public share offering in Shanghai, marking China's first major IPO since last September.

The benchmark Hang Seng Index .HSI will start 183.30 points lower at 18,020.10.

The China Enterprises Index .HSCE, which represents top locally listed mainland Chinese stocks, will open down 1.3 percent at 10,839.66. (Reporting by Parvathy Ullatil; Editing by Chris Lewis)

 

More News

HK shares reclaim 2.1 pct in in broad rally
Thursday, 13 Aug 2009 04:08am EDT 
HK shares open up 1.6 pct in broad rally
Wednesday, 12 Aug 2009 09:56pm EDT 
HK shares drop 3 pct; biggest 1-day slide in 3 mnths
Wednesday, 12 Aug 2009 04:08am EDT 
HK shares open down 1.7 pct tracking Wall St losses
Tuesday, 11 Aug 2009 09:56pm EDT 
HK shares gain 0.7 pct; end at 12-mnth closing high
Tuesday, 11 Aug 2009 04:09am EDT 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video