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JUN 06, 2013 - MarketWatch

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Hong Kong stocks drop before U.S. jobs, China data

HONG KONG (MarketWatch) -- Hong Kong stocks opened to modest losses Friday on caution ahead of the U.S. nonfarm payrolls data, with heavyweight HSBC Holdings PLC losing ground, while mild gains for mainland Chinese equities helped support several beaten-down shares. The Hang Seng Index fell 0.1% to 21,813.50 and the Hang Seng China Enterprises Index lost 0.3% to 10,327.84. Shares of HSBC fell 0.9% and Hong Kong Exchanges & Clearing Ltd. shed 0.3%. On the upside, China Coal Energy Co. gained 2%, insurer AIA Group Ltd. rose 0.8% and China Unicom Hong Kong Ltd. added 1.7%. After ... Read More

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