Hong Kong stocks fall over 100pts in the morning session

Affected by the falling of U.S stocks, Hang Seng Index fell by 105pts to stand at 13118pts in the morning session on a turnover of nearly HK$0.5bln.Affected by worse-than-expected rate cut of U.S,  Hong Kong Properties saw selling pressure. Sun Hung Kai Properties(0016) dropped HK$0.8 to stand at HK$41.5. New World Development (0017) fell by HK$0.25 to stand at HK$10.45.  Sino Land(0083) plunged sharply by HK$0.175 to HK$3.625 upon its earnings report. while Hysan Development (0014) fell by HK$0.35 to HK$11.9.Bank sector,  HSBC Holdings(0005) played fair at HK$92.75. While Hang Seng Bank (0011) fell by HK$1.5 to HK$88.25. Bank of East Asia(0023) dropped HK$0.4 to stand at HK$17.7.As for others shares,  China Mobile (0941) saw another fall by HK$0.4 to stand at HK$36.4. Hutchison Whampoa(0013) dropped HK$0.5 to HK$83. Swire Pacific Ltd."A"(0019) dropped HK$0.6 to HK$47.5. Television Broadcasts(0511) dropped HK$1.1 to HK$44.6.

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