HONG KONG, Nov 23 (Reuters) - Hong Kong stocks were set to open lower on Tuesday as local developers extended losses after the government last week implemented measures aimed at curbing fast-rising property prices.
Cheung Kong (Holdings) Ltd <0001.HK> lost 1.4 percent and Henderson LandCo Ltd <0012.HK> shed 1.1 percent.
The benchmark Hang Seng Index <.HSI> was set to open down nearly 0.99 percent at 23,290.28. The China Enterprises Index <.HSCE> of top locally listed mainland companies was indicated to open 1.17 percent lower.
BaWang International Group <1338.HK> dropped 3.9 percent after the Chinese herbal products maker and trader issued a profit warning, saying turnover for July to October dropped by 31 percent from a year earlier.
Oriental Watch Holdings <0398.HK> slumped 6.6 percent. The watch trader said it was raising funds through the issuance of 50 million shares at a discount. (Reporting by Jun Ebias; Editing by Chris Lewis)