China stocks drop most in 9 months; HK shares join slide

By : * Shanghai shares fall most in 9 months, to 2-month low
Date posted :2009-08-17 04:06:00

* HK shares post biggest drop in 4-½ months

* Oil, coal, metals stocks hit by lower commodity prices (Updates to close)

By Parvathy Ullatil & Claire Zhang

HONG KONG/SHANGHAI, Aug 17 (Reuters) - Chinese stocks tumbled 5.8 percent to their lowest close in two months on Monday, posting their biggest daily percentage drop in nine months on worries about added share supply and commodity price declines.

Hong Kong shares posted their steepest drop in 4-½ months of 3.6 percent on Monday, tracking a sharp drop on the Shanghai bourse and after U.S. consumer confidence data darkened the global economic outlook.

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