Stock Talk | Market Open: Hang Seng seen to open lower on property curb fears

The Hang Seng index was expected to be hit on Monday morning on speculation the government may not relax controls on the mainland property market – as official data on Sunday showed home prices rose in more mainland cities in October.

Yet sentiment could be boosted by outgoing Premier Wen Jiaobao, who said China’s economy would maintain a high level of growth for a long period.

Overnight, the Standard & Poor's 500-stock index closed up 6.55 points, or 0.48 percent, to close at 1,359.88. The Nasdaq Composite gained 16.19 points, or 0.57 per cent, to finish at 2,853.13. In London, the FTSE-100 Index lost 72.16 points, or 1.27 per cent, to finish at 5,605.59.

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