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HK stocks set to open lower; China data eyed

Published 10/21/2009, 09:59 PM
Updated 10/21/2009, 10:03 PM

HONG KONG, Oct 22 (Reuters) - Hong Kong stocks are set to open 0.36 percent lower on Thursday, tracking softer overseas markets following a broker downgrade of top U.S. bank Wells Fargo.

Brokers said underlying positive sentiment was due to a weak U.S. dollar and ahead of key economic data that could lend support.

The benchmark Hang Seng Index was indicated to open down 80.74 points at 22,237.37.

The China Enterprises Index of top locally listed mainland Chinese stocks was set to fall 0.54 percent to 12,931.14. (Reporting by Donny Kwok; Editing by Chris Lewis)

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