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Hong Kong shares to open 0.4 pct higher; ICBC gains

Published 11/10/2010, 08:59 PM
Updated 11/10/2010, 09:04 PM

HONG KONG, Nov 11 (Reuters) - Hong Kong stocks were set to open up on Thursday, tracking gains in other Asian markets, with Industrial and Commercial Bank of China Ltd <1398.HK> up after it disclosed details of its fundraising plan.

The benchmark Hang Seng Index <.HSI> was set to open up 0.4 percent at 24,598.81. The China Enterprises Index <.HSCE> of top locally listed mainland companies was indicated to open 0.44 percent higher.

ICBC <1398.HK> edged up 0.9 percent after it bared the details of its plan to raise $6.8 billion through a rights issue. [ID:nTOE6A90AY]

Lenovo Group Ltd <0992.HK> gained 4 percent. The world's No.4 PC brand posted its best profit growth in four quarters, helped by its mature markets returning to profitability but warned that growth in its key China market could slow. [ID:nTOE6A705R] (Reporting by Jun Ebias; Editing by Chris Lewis)

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