Thursday September 3, 02:54 AM
HK shares seen weaker ahead of key US jobs data
HONG KONG, Sept 3 (Reuters) - Hong Kong shares are seen
dropping on Thursday after another day of losses on Wall Street,
where investors turned jittery ahead of Friday's key monthly jobs
data.
But energy stocks may steady after Wednesday's
slide as crude edged up to stay above $68 a barrel on Thursday, supported
by a weaker dollar and a larger-than-expected decline in U.S.
gasoline inventories.
Chinese banks will stay in focus amid mounting concerns about
a government clampdown on lending.
New lending by China's big four state-owned banks totalled
160 billion yuan ($23.4 billion) in August according to the
official China Securities Journal, which cited data shared among
the banks.
That was only slightly less than the roughly 165 billion yuan
lent in July by the top four banks -- extending a sharp drop-off
from previous months.
The benchmark Hang Seng Index fell 1.8 percent to
19,522.00 in slim turnover on Wednesday.
STOCKS TO WATCH
* China WindPower Group said late on Wednesday it
would buy wind power electricity generation equipment for
projects in Liaoning province from its subsidiaries for a
combined 949.5 million yuan ($139 million). For statement please
click
http://www.hkexnews.hk/listedco/listconews/sehk/20090902/LTN200909021144.pdf
* Siberian Mining Group, a coal miner in Russia,
said it had appointed Jesup & Lamont, Inc as an exclusive agent
for the sale of US$70 million in convertible notes and the
listing of its American Depositary Receipts (ADRs) on the New
York Stock Exchange. Trading in the shares will resume on
Thursday. For statement please click
http://www.hkexnews.hk/listedco/listconews/sehk/20090902/LTN200909021045.pdf
* Commercial property developer SOHO China (0410.HK - news) is in
talks to buy more land in Shanghai and Beijing and the cash-rich
firm has no plans to raise additional funds, its chairman said on
Wednesday.
----------------------MARKET SNAPSHOT @ 2239 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 994.75 -0.33% -3.290
USD/JPY 92.2 -0.02% -0.020
10-YR US TSY YLD 3.3075 -- 0.000
SPOT GOLD 976.45 -0.02% -0.150
US CRUDE 68.37 0.47% 0.320
DOW JONES (news) 9280.67 -0.32% -29.93
ASIA ADRS 118.64 0.23% 0.27
-------------------------------------------------------------
Market Summary
*Oil steadies on neutral U.S. inventory report
*Wall St ends down for 4th day; caution prevails
*U.S. Treasuries edge up on weak data,wobbly stocks
*Investors fret about rally, jobs data hurts
(Reporting by Parvathy Ullatil; Editing by Jonathan Hopfner)
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
