RPT-Hong Kong shares slip 1.9 pct after poor U.S. homes data
(Repeats, fixing typo in paragraph 9)
*HSI down percent tracking overnight slump on Wall Street
*China stocks lead losses with all HSCE stocks in the red
*Coal, power and oil stocks post sharp falls
(updates to mid-day)
HONG KONG, July 25 (Reuters) - Hong Kong shares slid 1.9 percent on Friday morning, as analysts predicted the end of a short-lived global rally after disappointing U.S. home sales data rekindled worries over the health of financial markets.
Energy stocks took a beating on a raft of bad news including more rigid price controls, profit warnings and easing oil prices.
China Shenhua Energy (1088.HK: Quote, Profile, Research, Stock Buzz) fell 6.3 percent, adding to Thursday's 4.9 percent fall, after Beijing announced stricter price controls on thermal coal used by power plants.
Shares in Datang International Power (0991.HK: Quote, Profile, Research, Stock Buzz), China's second-largest listed electricity provider, tumbled 7.3 percent after it estimated its first-half net profit fell more than 70 percent due to a sharp rise in coal prices. Continued...





