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HK shares to open 1.5 pct down; resources weigh

Published 09/13/2009, 10:01 PM
Updated 09/13/2009, 10:03 PM

HONG KONG, Sept 14 (Reuters) - Hong Kong shares will start 1.51 percent lower on Monday, tracking a softer tone in oversea markets after Wall Street ended five days of gains, with weaker copper and oil prices weighing on mining and energy stocks.

The benchmark Hang Seng Index will open down 319.91 points at 20,841.51. Brokers said investors were seen reluctant to bet on a further upside after the index climbed to its highest closing level since August 2008 last Friday.

Sinopec set to open 2.1 percent lower, while PetroChina was down 1.8 percent and coal miner China Shenhua was down 1.9 percent.

The China Enterprises Index, which represents top locally listed mainland Chinese stocks, was down 1.64 percent at 12,066.61 while the Shanghai Composite Index had edged up 0.34 percent. (Reporting by Donny Kwok; Editing by Chris Lewis)

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