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Hong Kong Stocks Fall as Commodities Drop; China Mobile Slides

Hong Kong stocks fell, sending the Hang Seng Index to its first weekly drop in almost two months, as commodity producers declined after a stronger dollar cut material prices.

China Petroleum & Chemical Corp., known as Sinopec, sank 2.4 percent, the steepest drop on the Hang Seng Index. A blast at its refinery injured seven workers yesterday, according to a statement posted on Shanghai’s work safety administration’s website today. Jiangxi Copper Co., China’s No. 1 producer of the metal, dropped 2.7 percent. China Mobile Ltd. extended yesterday’s fall, retreating 0.7 percent, after posting third-quarter profit that missed analysts’ estimates.