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RTRS: Energy stocks slip, Cathay drops
 
HONG KONG, Oct 3 (Reuters) - By 0255 GMT the benchmark Hang Seng Index .HSI was down 1.8 percent at 17,882.99.

The China Enterprises Index .HSCE of top locally listed mainland Chinese firms had fallen 2.1 percent to 9,133.0.

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

* Energy and metal stocks tumbled on Friday after commodity prices fell overnight on fears the global economic slowdown will hurt demand.

Asia's largest oil & gas producer Petrochina (0857.HK: Quote, Profile, Research, Stock Buzz) dropped 3.6 percent while offshore oil specialist CNOOC (0883.HK: Quote, Profile, Research, Stock Buzz) gave up 4 percent.

China Shenhua Energy (1088.HK: Quote, Profile, Research, Stock Buzz), the world's most valuable coal miner, lost 2.7 percent.

* Chinese property stocks extended Thursday's winning streak as regional governments in China announced measures, including subsidies to home buyers, to prop up the beaten-down sector.

China Overseas Land Investment (0688.HK: Quote, Profile, Research, Stock Buzz) gained 2.2 percent while Gaungzhou R&F Properties (2777.HK: Quote, Profile, Research, Stock Buzz) advanced 0.9 percent.

* Cathay Pacific (0293.HK: Quote, Profile, Research, Stock Buzz) dropped 3.5 percent after Deutsche Bank downgraded the stock to sell from hold citing slowing demand from its premium customers amid a slowdown in the Hong Kong and Chinese economies.

Cathay's traffic growth has declined to 7 percent year-on-year in August 2008 from 20 percent in December 2007, Deutsche Bank said. (US$1=HK$7.8) (Reporting by Parvathy Ullatil; Editing by Anshuman Daga)

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