HK stocks set to open down 2.2 pct; PetroChina drops

HONG KONG, Oct 29 (Reuters) - Hong Kong stocks are set to
open 2.17 percent lower on Thursday, tracking losses on Wall
Street overnight, while oil producer PetroChina (0857.HK) dropped
after reporting a decline in net profit.

The benchmark Hang Seng Index .HSI was indicated to open
down 471.49 points at 21,290.09.

The China Enterprises Index .HSCE of top locally listed
mainland Chinese stocks was set to fall 2.59 percent to
12,499.15.

PetroChina slid 4.42 percent. It reported a 23.5 percent drop
in quarterly profit on Wednesday, hit by a sharp decline in crude
oil prices. [ID:nHKF080493]

Nine Dragons Paper (2689.HK) fell 12.15 percent. The
packaging and paperboard maker said it would sell $2.87 billion
($370 million) worth of new shares to its controlling
shareholder. [ID:nHKG349726]

Geely Automobile Holdings (0175.HK) rose 0.7 percent. Ford
named Geely's major shareholder as preferred bidder for its
loss-making Swedish unit Volvo. [ID:nLS682068]
(Reporting by Jun Ebias; Editing by Chris Lewis)