Hong Kong shares may start lower, earnings in focus

Hong Kong shares may start lower, earnings in focus

Reuters, (26/3) -- Hong Kong shares may start lower on Tuesday, returning some of Monday's gains on fears the Cyprus bailout could serve as a template for a restructuring of the euro zone banking sector. Earnings will stay in focus, with the three largest Chinese airlines, Air China, China Eastern and China Southern, along with Agricultural Bank of China and Bank of China, among companies due to post 2012 results. Haitong Securities, Hong Kong property developer Cheung Kong Holdings and conglomerate Hutchison Whampoa, Macau casino operator Galaxy Entertainment and Chinese property developer Evergrande are other notable releases. The Hang Seng Index closed up 0.6 percent at 22,251.2 on Monday. The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.8 percent. http://www.reuters.com/article/2013/03/26/markets-hongkong-stocks-preopen-idUSL3N0CH1OB20130326