HK Hot Stocks-CNAC down 4.7 pct on Cathay fears


HONG KONG, Jan 24 (Reuters) - The following stocks were on the move on the Hong Kong exchange on Friday. ------------------------------------------------------------ HANG SENG INDEX DOWN 1.3 PCT AT 9,460 AT 0738 GMT ------------------------------------------------------------ **CNAC DOWN ON FEARS OVER COMPETITION IN CHINA** China National Aviation Corp (CNAC) down 4.7 percent to HK$1.43 as investors became increasingly nervous that Cathay Pacific Airways will win rights to resume ...

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