HONG KONG, Aug 24 (Reuters) - Hong Kong stocks are set to extend losses on Tuesday as a flight to safety sends global stocks lower amid fears about economic growth.
The benchmark Hang Seng index <.HSI> was indicated to fall 0.62 percent to 20,759.35, slipping further below key resistance at the 200-day moving average. The China Enterprise index <.HSCE> was set to open 0.76 percent lower at 11,581.47.
Aluminum Corp of China Ltd (Chalco) <2600.HK> was set to open 3.1 percent lower after the world's biggest aluminium company by market value reported a second-quarter loss and said it expected aluminium prices to remain volatile in the second half. [ID:nTOE67L00D]
PCCW Ltd <0008.HK> was down 7.7 percent after Hong Kong's dominant fixed-line telephone operator said it would sell HK$1.3 billion ($167 million) worth of new shares, at a discount of 9.4 percent to its last closing price, to cut debt. (Reporting by Vikram S Subhedar; Editing by Chris Lewis)