HK shares open down 3.9 pct in global rout

Fri Nov 21, 2008 1:57am GMT
 
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HONG KONG, Nov 21 (Reuters) - Hong Kong shares will open 3.9 percent lower on Friday, with sectors sensitive to the downcycle such as financials, properties and commodities, taking another drubbing.

But the territory's largest property developer, Sun Hung Kai Properties (0016.HK), is set to open 4.5 percent higher after local media quoted its management as saying it will not cut any jobs amidt the slowdown in the sector.

The benchmark Hang Seng Index .HSI was indicated to open 483.75 points lower at 11,814.81.

The China Enterprises Index of top locally listed mainland Chinese firms .HSCE will open down 4.9 percent at 5,889.13. (Reporting by Parvathy Ullatil; Editing by Anne Marie Roantree)

 
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US $ inGBP =0.6631
Euro inGBP =0.9021
¥en inGBP =0.0071

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