HK Hot Stocks: Bank of China sags, HSBC at 20-mth low

HONG KONG, Nov 27 (Reuters) - Here are some stocks on the move in Hong Kong on Tuesday:

As of 0225 GMT, the blue-chip Hang Seng Index .HSI was down 3.2 percent as credit fears gripped the market.

The index opened down 3.3 percent at 26,704.76.

STOCKS ON THE MOVE:

* Bank of China (3988.HK: Quote, Profile, Research, Stock Buzz) tumbled 6.8 percent to HK$3.95 after Singapore state investment agency Temasek Holdings [TEM.UL] was selling US$567 million worth of shares in Beijing-controlled Bank of China (3988.HK: Quote, Profile, Research, Stock Buzz) at a 3.5 percent discount to their Monday close [ID:nHKG269067].

* Export plays hit

Li & Fung (0494.HK: Quote, Profile, Research, Stock Buzz) slid 4.6 percent to HK$29.25 as investors sold off the consumer goods sourcing firm on fears that the persisting credit turmoil and U.S. housing slump would crimp consumer spending.

Techtronic Industries Co Ltd (0669.HK: Quote, Profile, Research, Stock Buzz), which makes power tools and supplies to home improvement outlets like Home Depot (HD.N: Quote, Profile, Research, Stock Buzz), dropped 8.2 percent to HK$6.2, a low not seen since June 2003.

* HSBC Holdings plc (0005.HK: Quote, Profile, Research, Stock Buzz) sank to 20-month lows after it stepped in to bail out its two structured investment vehicles with funding of up to $35 billion [ID:nL26540208].