Hong Kong stocks fall, led by China Mobile

HONG KONG, May 26 (Reuters) - Hong Kong stock fell 1.94 percent on Monday, tracking weak overseas markets, as soaring oil prices rekindled worries over inflation and its impact on global economic growth.

The benchmark Hang Seng Index .HSI opened down 479.72 points at 24,234.35, led by a 5 percent drop in China Mobile (0941.HK) after it was downgraded amid an unfavourable telecom industry reshuffle. The blue chip index had dropped 1.8 percent as of 0201 GMT.

The China Enterprises Index of Hong Kong-listed companies .HSCE, or H shares, had slid 2.57 percent by 0203 GMT. (Reporting by Donny Kwok; Editing by Anne Marie Roantree)