HONG KONG, Oct 8 (Reuters) - Hong Kong stocks are set to fall
on Friday, pulling back from an 11-month high, with the benchmark
index facing technical resistance.

 Mainland markets, which are set to reopen after the Golden
Week holiday, could provide some support as they play catch-up to
a rally in global stock markets.

 That rally paused on Thursday as a firmer dollar pushed
commodities and stocks lower as investors shunned big bets before
the closely watched U.S. jobs report that could determine the
next move from the Federal Reserve.

 U.S. stocks ended slightly lower with losses led by energy
and mining shares. [.N]

 Hong Kong's Hang Seng closed little changed at 22,884.3 on
Thursday with gains in heavyweight Chinese banking shares
offsetting profit-taking in other sectors.

 The index is currently trading in technically overbought
conditions, with its relative strength index well above the
threshold 70 level, while the index's November 2009 high of
23,100 is the next strong overhead resistance.

 "Everybody is waiting for the jobs data from the U.S. tonight
for more market signals," said Conita Hung, head of equity
research at Delta Asia Financial Group.

 Elsewhere in  Asia, Japan's Nikkei .N225 was down 0.4
percent while South Korea's KOSPI .KS11 was 0.5 percent lower.

 STOCKS TO WATCH:

 - Two senior employees of ICBC (Asia) (0349.HK), the Hong
Kong unit of China's biggest bank, ICBC (1398.HK)(601398.SS),
were charged with bribery, Hong Kong's Independent Commission
Against Corruption said.

 - China's Zijin Mining (2899.HK) said it has been fined 9.56
million yuan ($1.4 million) for leaking acidic copper solution
into a local river near one of its gold mines in July.

 - Swedish carmaker Volvo Cars, recently bought by China's
Zhejiang Geely (0175.HK), is interested in cooperating with
domestic rival Saab, business daily Dagens Industri reported.

 - Hong Kong-listed healthcare company Golden Meditech
Holdings Ltd (0801.HK) said it has applied to offer Taiwan
Depositary Receipts (TDRs), taking advantage of warming ties
across the Taiwan Strait to raise its profile.

 - Bank of America-Merrill Lynch (BAC.N) has hired Zhang
Xiuping from Deutsche Bank AG (DBKGn.DE) as co-head of mergers
and acquisitions, Asia-Pacific ex-Japan, according to an internal
memorandum obtained by Reuters.

 - Impregilo (IPGI.MI), Italy's largest builder, has signed a
deal with Chinese firms, Shanghai Electric Group (2727.HK),
Mandarin Capital Partners and China Development Bank Securities
(CDBS), to relaunch its loss-making desalination business, aiming
to become world leader in an $8 billion sector dominated by South
Korean conglomerate Doosan (000150.KS).
 MARKET SUMMARY
*Wall Street sags with commodities               [nN07172405]
*Shorter-dated Trsry notes gain before jobs data [nN06566862]
*Euro rally stalls, dollar tumbles vs yen        [nN07168849]
*Oil ends down, profit-taking before US  payrolls[nSGE69607M]
 (Reporting by Vikram S Subhedar, Editing by Jacqueline Wong)

, 2010 9:46pm EDT

MARKETS