HK shares slide 3 pct, property shares tumble

HONG KONG, Dec 17 (Reuters) - Hong Kong blue chips fell 3
percent on Monday, with rate-sensitive property stocks leading
the losses, as investors worried the latest U.S. inflation data
would mean reduced scope for deeper rate cuts by the Federal
Reserve.

The benchmark Hang Seng Index .HSI was down 3 percent at
26,707.40 at 0318 GMT.

The China Enterprises index of H shares .HSCE, or Hong
Kong-listed shares in mainland companies, had fallen nearly 3
percent by 0315 GMT.
(Reporting by Rita Chang; editing by Anne Marie Roantree)