HK Hot Stocks - Huiyuan soars, resources drag
HONG KONG, Sept 3 (Reuters) - At 0341 Wednesday the benchmark Hang Seng Index .HSI was down 1.4 percent at 20,749.82.
The China Enterprises Index .HSCE of top locally listed mainland Chinese firms had fallen 2 percent.
Here are some of the stocks on the move in late morning trade-
* China Huiyuan Juice (1886.HK) soared on news of a $2.3 billion takeover bid by Coca-Cola (KO.N). Shares in the juice maker rallied 169.6 percent to HK$11.16, still lower than the HK$12.2 per share the U.S. beverage giant has agreed to pay.
* Resource-linked stocks dragged as crude oil held below $110 per barrel on Wednesday after fears that Hurricane Gustav would disrupt production on the U.S. coast receded.
Offshore oil producer CNOOC (0883.HK) tumbled 5.1 percent, adding to its 5.6 percent decline so far this week. Asia's largest oil & gas producer (0857.HK) dropped 2.6 percent.
China Shenhua Energy (1088.HK), the world's most valuable energy company, fell 2.9 percent while smaller rival China Coal Energy (1898.HK) slid 4.4 percent.
* Aluminium Corp of China (2600.HK) dropped 6.2 percent after international aluminium prices fell to a 7-month low as investors worried about slowing demand for industrial metals.
* China Cosco (1919.HK), the country's premier shipping conglomerate, plunged 7.3 percent, tracking a 3.5 percent overnight fall in the global freight index.
The Baltic Dry Index .BADI, which measures changes in the price of shipping commodities, dropped to a seven-month low on Tuesday as fears of a global slowdowm rolled on.
(Reporting by Parvathy Ullatil; Editing by Jonathan Hopfner)
