HK Hot Stocks: Properties slide after Fed disappoints

HONG KONG, Dec 12 (Reuters) - Here are some stocks on the move in Hong Kong on Wednesday.

As of 0242 GMT, the blue-chip Hang Seng Index .HSI was down 2.61 percent after a modest interest rate cut by the U.S. Federal Reserve disappointed investors, with interest rate sensitive property and banking stocks leading the slide.

The index opened down 2.10 percent at 28,611.64.

The China enterprises H-share index .HSCE had lost 3.09 percent as of 0242 GMT. STOCKS ON THE MOVE:

* Interest rate sensitivity property and banking stocks came under pressure after their recent strength, with the blue-chip property sub-index .HSNP down about 3.3 percent at 0223 GMT, and the financial sub-index .HSNF falling 2.1 percent.

Sino Land (0083.HK) plunged 5.2 percent to HK$26.5, Henderson Land (0012.HK) lost 4.2 percent to HK$72.8 and Hang Lung (0101.HK) fell about 4 pct to HK$35.05.

Global lender HSBC (0005.HK) fell 1.8 percent to HK$134.20, Bank of East Asia (0023.HK) lost 3.5 percent to HK$52.25, and China Construction Bank (0939.HK) slid 3 percent to HK$7.23.

* Shares of China COSCO Holdings (1919.HK), the most heavily traded stock, plunged 8.4 percent to HK$24.45.

Cheung Kong (Holdings) (0001.HK) and sister conglomerate Hutchison Whampoa Ltd (0013.HK) were selling 89 million shares in China COSCO at HK$24.80-HK$25.20 each, according to a term sheet on Tuesday.

Cheung Kong was selling 250 million shares in China Shipping Container Lines (2866.HK) at HK$6.06-HK$6.19. [ID:nHKG102620]

* Shares of China Shipping Container Lines (2866.HK) fell 7.3 percent to HK$5.94 after the share sale. However, the company (601866.SS), which raised $2.1 billion in its Shanghai IPO last month, rose 60 percent in its mainland debut, buoyed by improving prospects for the container shipping industry and the company's expansion plan. [ID:nSHA112774]

*Shares of China Sunshine Paper Holdings Co Ltd (2002.HK), gained as much as 8.3 percent on their market debut after it raised US$77 million in an IPO. The stock was at HK$6.22 at 0240 GMT. It fell to as low as HK$5.99, below its IPO price of HK$6.00. * Shares of CCT Telecom Holdings Ltd (0138.HK) surged 9.2 percent to HK$1.42 after it proposed to seek a separate listing of its infant and child product business on the Growth Enterprise Market. here (Reporting by Donny Kwok; Editing by Anne Marie Roantree)