HK shares slip 1 percent tracking Shanghai losses

HONG KONG, Aug 18 (Reuters) - Hong Kong shares fell 1 percent in late Monday morning trade after opening flat, with the main index hitting a new 5-month low, as the mainland Chinese market slid on growth and inflation worries.

Resources stocks led losses amid retreating international commodity prices with the global economic slowdown seen softening demand. Offshore oil producer CNOOC (0883.HK) was 1.7 percent lower while China Shenhua Energy (1088.HK), the world's most valuable coal miner, tripped 4.9 percent.

The world's largest contract manufacturer of handsets, Foxconn International Holdings (2038.HK) plunged 14.6 percent after warning of a significant decline in first half earnings late Friday.

The Hang Seng Index .HSI was down 203.71 points at 20,956.87.

The China Enterprises Index .HSCE of top locally-listed mainland firms dropped 1.8 percent, tracking the 3 percent fall on the Shanghai Composite Index .SSEC.

(Reporting by Parvathy Ullatil; editing by Keiron Henderson)