HK Hot Stocks - Foxconn plunges, Hutchison gains

HONG KONG, Aug 18 (Reuters) - At 0220 GMT the Hang Seng Index .HSI was down 0.5 percent at 21,058.61.

The China Enterprises Index .HSCE of top locally-listed mainland firms had fallen 0.9 percent, dragged down by yet another session of sell-offs in commodity-linked stocks amid weak demand forecasts.

Here are some of the stocks on the move in early trade-

*The world's largest contract manufacturer of handsets, Foxconn International Holdings (2038.HK) slumped 11.6 percent after warning of a significant decline in first-half earnings late Friday. The company expectes to take a hit amid higher costs and income tax expenses.

*Billionaire Li K-shing's flagship conglomerate Hutchison Whapoa (0013.HK) outperformed with a 2 percent again ahead of its fisrt half earnings later this week.

Though the company is expected to report lower year-on-year earnings on the lack of substantial one-time gains recorded on the sale of its Indian assets last year, underlying profit is tipped to show strong growth.

(Reporting by Parvathy Ullatil; editing by Jonathan Hopfner)