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HK shares drop on China fears; Shirble down on debut

Published 11/16/2010, 08:56 PM
Updated 11/16/2010, 09:00 PM

HONG KONG, Nov 17 (Reuters) - Hong Kong stocks were set to open lower for a fourth straight session on Wednesday, as investors fretted about prospects of another rate rise in China and other measures to curb inflation.

The benchmark Hang Seng Index <.HSI> was set to open down 1.1 percent at 24,432.23. The China Enterprises Index <.HSCE> of top locally listed mainland companies was indicated to open 1.18 percent lower.

Debutant Shirble Department Store Holdings (China) Ltd <0312.HK> was indicated to open at HK$1.90, down from its IPO price of HK$2.20. (Reporting by Jun Ebias; Editing by Chris Lewis)

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