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Hong Kong stocks drop as refiners slide

Wed May 7, 2008 10:09pm EDT
 
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 HONG KONG, May 8 (Reuters) - Hong Kong stocks opened lower on
Thursday, tracking losses on Wall Street and mainland China, with
refiners Sinopec (0386.HK: Quote, Profile, Research, Stock Buzz) and PetroChina (0857.HK: Quote, Profile, Research, Stock Buzz) leading the
slide after crude prices hit another record.
 Shares in Sinopec fell 2.46 percent while PetroChina dropped
1.57 percent.
 The benchmark Hang Seng Index .HSI opened down 0.65 percent
at 25,442.52 points.
 The China Enterprises Index of Hong Kong-listed mainland
companies .HSCE, or H shares, had fallen 1.44 percent to
13,915.43 as of 0202 GMT.
 (US$1=HK$7.8)
 (Reporting by Donny Kwok; Editing by Anne Marie Roantree)





























 

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