Francis Lun, chief economist at GE Oriental Finance Group, talks to CNBC about the biggest public offering on the Hong Kong stock exchange this year.» Read More
HONG KONG, May 31- Hong Kong shares are expected to start higher on Friday, tracking Wall Street gains after soft U.S. economic data raised optimism that the Federal Reserve would press on with its stimulus programme, but the market is set for a monthly loss. Elsewhere in Asia, Japan's Nikkei was up 2.4 percent, while South Korea's KOSPI was rose 0.4 percent by 0056 GMT.
Asian shares slumped on Tuesday with discouraging U.S. factory orders and political ructions in Spain and Italy keeping investors cautious.
HONG KONG, Jan 25- Hong Kong shares look set to start firmer on Friday, tracking positive sentiment from encouraging U.S. data released on Thursday and after solid China factory data. Its investors Singapore sovereign fund GIC, U.S. private equity fund TPG Capital and Viva China Holdings Ltd had given their "irrevocable undertakings" to the company.
Asian shares ended mixed on Wednesday after rounds of profit taking from a sharp rally at the start of the new year subsided, while investors waited warily for corporate earnings season to kick off in full force.
Asian shares closed marginally higher on Thursday amid caution about the chances of the U.S. going over the "fiscal cliff" but Japan managed to hit a 21-month high as a strong currency buoyed investor risk appetite.
China National Petroleum Corp (CNPC) has emerged as the frontrunner to take over Iraq's West Qurna-1 oilfield from Exxon Mobil, a move that would diminish Western oil influence in Iraq a decade after the U.S.-led invasion.
Asian stocks hit multi-month highs on Wednesday as expectations of more aggressive monetary stimulus from Japan and signs of progress in reaching a U.S. fiscal deal lifted riskier assets.