HK Hot Stocks-Resources tumble, China properties drop

HONG KONG, Sept 10 (Reuters) - At 0247 GMT, the benchmark Hang Seng Index .HSI was down 1.8 percent at 20,116.10.

The China Enterprises Index .HSCE of top locally listed mainland Chinese firms had fallen 2.1 percent.

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

* Gold miner Zijin Mining (2899.HK) fell 7.7 percent to an 18-month low of HK$3.91 on Wednesday after gold prices sank to their weakest in nearly a year as a stronger dollar and plunges in oil prices triggered heavy selling in the precious metal for the second day running.

Retreating oil prices also sent Asia's largest oil & gas producer, Petrochina (0857.HK), down 2.5 percent while offshore oil producer CNOOC (0883.HK) dropped 4 percent.

* China Overseas Land (0688.HK) tumbled 7.3 percent after its sales revenue in August was 40 percent lower than in July and 28 percent from the corresponding month of the previous year.

The company reported a 49.7 percent increase in sales revenue for the January-August period.

On Tuesday, China's largest listed property developer, Vanke, reported a 35 percent drop in its August sales while credit Suisse warned of further declines in sales volumes and property prices in China.

Guangzhou R&F Properties (2777.HK) added another 9.1 percent to Tuesday's steep losses.

* China Cosco (1919.HK), the nation's largest shipping conglomerate, plunged 9.4 percent, tracking a 4.3 percent drop in the global freight index overnight.

The Baltic Dry Index .BADI, which gauges changes in the price of shipping commodities, fell for a 15th straight day amid deepening worries over a global economic slowdown.

(Reporting by Parvathy Ullatil; Editing by Ken Wills)