HK stocks set to open up 1.2 pct; HSBC rises

HONG KONG, Nov 11 (Reuters) - Hong Kong shares are set to
open 1.19 percent higher on Wednesday, boosted by a strong
outlook from index heavyweight HSBC and gains in overseas
markets.

HSBC (0005.HK) rose 4.68 percent to HK$92.85 after the bank
declared on Tuesday the first improvement for three years in
losses on U.S. consumer credit. [ID:nLA635993]

The benchmark Hang Seng Index .HSI was set to open up
265.98 points at 22,534.14.

The China Enterprises Index .HSCE of top locally listed
mainland Chinese stocks was set to rise 0.7 percent to 13,460.47.
(Reporting by Sui-Lee Wee, Editing by Chris Lewis)