HK Hot Stocks - Country Garden dives after earnings
HONG KONG, Aug 13 (Reuters) - At 0228 GMT the Hang Seng Index .HSI was down 0.7 percent at 21,479.72.
The China Enterprises Index .HSCE of top locally listed Chinese firms had fallen 0.8 percent.
Here are some of the stocks on the move in early trade-
* Asia's largest wireless carrier, China Mobile (0941.HK), dropped 2 percent, adding to its 5.6 percent decline this week, as investors fretted about the company's earnings amid slowing economic growth in China and regulatory uncertainty.
The 11 percent fall in the stock in the last six days has wiped off more than HK$220 billion ($28.2 billion) of market capitalisation.
* Chinese property developer Country Garden (2007.HK) hit a new all-time low, falling 10.6 percent to HK$3.80 soon after the open on disappointment over its first-half earnings announcement on Tuesday.
Morgan Stanley slashed its target price on the stock by 29 percent to HK$4.49 as it sees the company buckling under weakening property market conditions.
(Reporting by Parvathy Ullatil; Editing by Dominic Whiting)
