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Hang Kong stocks followed the external downtrend after the Mid-Autumn Festival holiday. Hang Seng Index closed at 24,705, down 485 pts or 1.9%; Hang Seng China Enterprises Index sank 290 pts or 2.5% to 11,117. Market turnover rose to $79.718 billion.

TENCENT (00700.HK)  -4.100 (-3.251%)     Short selling $432.14M; Ratio 11.642%     slid 3.3% to $122 today, the lowest in over a month and dragging down the HSI by 70 pts alone.

Chinese telecom companies saw rising selling pressure as China failed to become the region to sell the first lots of iPhone 6. CHINA MOBILE (00941.HK)  -2.600 (-2.567%)     Short selling $512.35M; Ratio 28.456%     dropped 2.6% to $98.7. CHINA TELECOM (00728.HK)  -0.180 (-3.482%)     Short selling $30.91M; Ratio 8.377%     and CHINA UNICOM (00762.HK)  -0.460 (-3.309%)     Short selling $98.38M; Ratio 29.678%     plunged 3.5% and 3.3% respectively.

As London oil price hit a 17-month low, Chinese oil stocks headed south. PETROCHINA (00857.HK)  -0.400 (-3.490%)     Short selling $148.81M; Ratio 12.759%     and CNOOC (00883.HK)  -0.520 (-3.338%)     Short selling $133.98M; Ratio 11.809%     moved down 3.5% and 3.3%. SINOPEC CORP (00386.HK)  -0.260 (-3.178%)     Short selling $98.45M; Ratio 9.116%     also retreated 3.2%.

Mainland banks saw prices drop due to the small growth of M2 in August. CM BANK (03968.HK)  -0.420 (-2.800%)     Short selling $28.55M; Ratio 8.064%     fell 2.8%. Four big banks dropped 2.1%-2.4%. In addition, HSBC HOLDINGS (00005.HK)  -0.700 (-0.844%)     Short selling $59.68M; Ratio 5.898%     slipped 0.8%.

Mainland property stocks were under pressure. CHINA RES LAND (01109.HK)  -0.900 (-4.787%)     Short selling $18.90M; Ratio 8.991%     became the weakest blue chip, with share price down 4.8%. CHINA OVERSEAS (00688.HK)  -0.750 (-3.297%)     Short selling $101.61M; Ratio 20.666%     came down 3.3%. EVERGRANDE (03333.HK)  -0.070 (-2.134%)     Short selling $38.96M; Ratio 16.464%     receded 2.1% after posting decline of 8.4% in contracted sales revenue from a month ago in August.

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