HK Hot Stocks: Pacific Online flat, Alibaba recovers
HONG KONG, Dec 18 (Reuters) - Here are some stocks on the move in Hong Kong on Tuesday:
As of 0231 GMT, the blue-chip Hang Seng Index .HSI was down 0.8 percent, widening opening losses.
The index opened down 0.3 percent at 26,515.09.
STOCKS ON THE MOVE:
* New issue Pacific Online Ltd (0543.HK), a mainland Chinese Internet content provider, had traded between HK$3.29 and HK$3.43 by 0230 GMT, versus its IPO price of HK$3.3 per share.
* Alibaba.com (1688.HK), China's top ecommerce firm, rebounded 2.1 percent to HK$26.70, although earlier it set a new low since its November listing.
* Hong Kong properties slide further as the outlook for further U.S. rate cuts was damped by the latest inflation figures.
Cheung Kong (Holdings) Ltd (0001.HK) slumped 2 percent to HK$129.30 and Sun Hung Kai Properties (0016.HK) dropped 1.6 percent to HK$146.5.
* Bourse operator Hong Kong Exchanges and Clearing (0388.HK) shed 1.8 percent to HK$214.4 on worries that investors' appetite for equities was waning amid the credit turmoil and U.S. recession prospects. (Reporting by Rita Chang; Editing by Anne Marie Roantree)
