(Reuters) - Hong Kong shares are seen slipping on Tuesday with energy shares, among the top performers this year, and other commodity-related counters set to retreat.
Gold, copper and oil pulled back from new peaks overnight and aluminum producer Alcoa saw its shares hit in after hours trading in the United States after the company reported sales that missed forecasts and warned of rising cost pressures. [ID:nN11190974]
Hong Kong's Hang Seng index fell 0.4 percent on Monday, pulling back from a 2011 high hit last Friday after three successive weekly gains.
Monday's top performer Petrochina is likely to lead a bout of profit-taking in the sector after U.S. crude prices CLc1 extended declines and fell over a percent in early Asian trading.
Local banking shares are also seen under pressure after reports that the head of the Hong Kong Monetary Authority had asked banks to submit annual loan targets by the end of this month in a bid to keep lending in check.
Elsewhere in Asia, Japan's Nikkei was down 1.2 percent while South Korea's KOSPI was 0.6 percent lower as of 0030 GMT.
豫公网安备41010502003434号