HK shares to open down 1.2 pct; HSBC falls

HONG KONG, Dec 14 (Reuters) - Hong Kong shares are set to
open 1.2 percent lower on Monday as investors take profits after
a strong rally in the previous session amid concerns that funds
are moving out of local equities on gains in the U.S. dollar.

HSBC (0005.HK) led losses on the index, falling 2.2 percent
to HK$88.20.

The benchmark Hang Seng Index .HSI was set to open down
263.14 points, at 21,638.97.

The China Enterprises Index .HSCE of top locally listed
mainland Chinese stocks was set to fall 1.33 percent to
12,794.67.
(US$1=HK$7.75)

(Reporting by Sui-Lee Wee, Editing by Jonathan Hopfner)