Hong Kong stocks slid to nearly a seven-month low on Wednesday as a sharp fall in the yuan added to worries about China's economic growth amid escalating US-China trade tensions. The Hang Seng index fell 1.8 percent, to 28,356.26, while the China Enterprises Index lost 2.2 percent, to 10,879.17 points.
The sub-index of the Hang Seng tracking energy shares rose 0.3 percent while the IT sector dipped 2.66 percent, the financial sector was 1.93 percent lower and the property sector dipped 2.3 percent. The top gainer on the Hang Seng was CNOOC Ltd up 3.18 percent, while the biggest loser was Country Garden Holdings Co Ltd which was down 7.41 percent.
The top gainers among H-shares were CNOOC Ltd up 3.18 percent, followed by Shenzhou International Group Holdings Ltd gaining 0.73 percent and PetroChina Co Ltd up by 0.35 percent.