HONG KONG, Sept 26 (Reuters) - Hong Kong shares were headed
to open lower on Wednesday as weak overseas markets and
festering eurozone concerns dented investors' enthusiasm for
chasing this month's rally.
The Hang Seng index, which is up 6.2 percent so far
this month, ended flat on Tuesday with transportation and
financials among the big losers. The China Enterprises index
of top locally listed mainland firms fell 0.2 percent.
China's domestic markets remained on the back foot after its
central bank again dampened expectations of a cut in banks'
reserve requirements by injecting a record amount of funds into
the market on Tuesday.
Worries over whether debt-laden Spain would ask for a
bailout trumped better-than-expected U.S. consumer confidence
data overnight sending the S&P 500 down over a percent.
Elsewhere in Asia, Japan's Nikkei slumped 1.6
percent while South Korea's Kospi was down 0.5 percent
as of 0030 GMT.
STOCKS TO WATCH:
* Trader Glencore has trimmed its
ambitions to control Kazakh zinc producer Kazzinc, announcing a
revised cash and shares agreement worth up to $1.4 billion, less
than half the original deal, to raise its stake to just under 70
* China's minister of commerce said on Tuesday that the
country's state-owned companies act as corporations and obey
local laws as he asked Canadian regulators to make a "fair and
objective" analysis of their involvement in acquisitions. Chen
Deming spoke as Canada studies CNOOC Ltd's planned
$15.1 billion acquisition of Nexen Inc.
* RUSAL, the world's largest aluminium producer,
expects to reach a deal with lenders within six months to
refinance part of an $11 billion debt burden and will agree new
loan conditions by the end of 2012, before its covenant
* Standard Chartered Plc shares fell more
than 3 percent on Tuesday as speculation resurfaced that
Singapore state investor Temasek may sell its 18
percent stake in the Asia-focused bank.
* Hong Kong-listed Brightoil Petroleum (Holdings) Ltd
will hire about 10 traders in Singapore and the United
States to start physical crude oil trading, a company executive
said on Tuesday.
* A brawl at a Foxconn factory that disrupted production at
Apple's main China supplier for 24 hours highlights regimented
dormitory life and thuggish security as major sources of labour
tension in China.
(Reporting by Vikram Subhedar and Donny Kwok; Editing by Eric