HONG KONG, June 28 (Reuters) - Hong Kong shares may snap a
six-week losing streak on Friday, their longest series of weekly
losses in a year, on easing fears of an early end to U.S.
monetary stimulus, though investors remained cautious about
recently volatile Chinese markets.
On Thursday, the Hang Seng Index ended up 0.5 percent
at 20,440.08 points, its highest close in a week. The China
Enterprises Index of the top Chinese listings in Hong
Kong finished down 0.1 percent. On the week, they are up 0.9 and
down 0.9 percent respectively.
Elsewhere in Asia, Japan's Nikkei was up 1.8
percent, while South Korea's KOSPI was up 1 percent at
FACTORS TO WATCH:
* HSBC's private bank in Switzerland is
"dramatically" cutting its North Africa and Israel teams after a
former employee was convicted of laundering money for Moroccan
drug dealers, it said.
* A Chinese wind turbine maker, Sinovel Wind Group Co. Ltd
, was charged with stealing trade secrets from U.S.
company AMSC, the U.S. Department of Justice said on
* China Construction Bank Corp will integrate
its Hong Kong branch with its local subsidiary in the territory,
China Construction Bank (Asia) Corp Ltd, the bank's
chairman Wang Hongzhang said.
* Property deeloper Fantasia Holdings Group Co Ltd
said it would buy a 69.5 percent stake it did not already own in
Ningbo Century Huafeng Real Estate Ltd and a shareholder's loan
for 480 million yuan in a bid to enhance its market position in
* Dynasty Fine Wines Group Ltd said it expected to
record a greater unaudited consolidated loss for the six months
ending in June due to a decrease in sales volume and weaker
demand for domestic wine products amid slower economic growth in
China, and an increase in distribution costs.(Reporting by Yimou Lee and Donny Kwok; Editing by Kim Coghill)