HK shares set for mild dip, to hold near 2012 highs

HONG KONG Mon Nov 5, 2012 1:28am GMT

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HONG KONG Nov 5(Reuters) - Hong Kong shares were set for a slightly weaker start on Monday as investors pause ahead of U.S. elections and China's leadership change, taking stock of a rally that has lifted the local benchmark to a 15-month high.

The Hang Seng index, which closed at its highest level since Aug. 2, 2011 on Friday, was seen opening down 0.3 percent. The index is up nearly 20 percent so far this year.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.