Hong Kong shares to open down 1.2 pct, Sinopec Corp slides

HONG KONG Tue Feb 5, 2013 1:25am GMT

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HONG KONG Feb 5 (Reuters) - Hong Kong shares were set to start lower on Tuesday, dragged by a 6.1 percent fall in refiner China Petroleum & Chemical Corp (Sinopec) after it placed $3.1 billion worth of new shares.

The Hang Seng Index was set to open down 1.2 percent at 23,685.1. The China Enterprises Index of the top Chinese listings in Hong Kong was indicated to start down 1.7 percent.


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.