HK shares open up 2 pct; financials in focus

Thu Dec 4, 2008 1:54am GMT
 
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HONG KONG, Dec 4 (Reuters) - Hong Kong shares were set to open 2 percent higher on Thursday, with investors eyeing financial stocks, after China said it planned to stabilise its stock market and ensure liquidity in the banking system.

The benchmark Hang Seng Index .HSI was indicated to open 268.63 points higher at 13,857.29.

The China Enterprises Index of top locally listed mainland Chinese firms .HSCE will open up 2.9 percent at 7,442.15.

China Construction Bank (0939.HK) was set to open up 3.3 percent. The South China Morning Post reported on Thursday that Bank of America had finished lifting its stake to 19.13 percent in the Chinese lender. (Reporting by Jun Ebias; Eediting by Anne Marie Roantree)

 
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US $ inGBP =0.6564
Euro inGBP =0.8989
¥en inGBP =0.0071

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