Market Open: H-shares may fall as World Bank cuts forecasts

The Hong Kong stock market is poised to fall on worries that global economy is in a slower pace for recovery as World Bank cut its growth forecast for this year.

The World Bank lowered forecast for the global economy in 2013 to 2.4 per cent from 3 per cent and said commodity prices should stabilise or even fall amid slowing demand. Overnight, the US stocks were mixed, with the Dow Jones Industrials and the S&P 500 slightly up and the Nasdaq dipping 0.2 per cent.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1129203/market-open-h-shares-may-fall-world-bank-cuts-forecasts