HONG KONG AP - Share prices in Hong Kong tumbled Tuesday with the key index losing 4.1 percent on the back of an overnight drop in stock prices on Wall Street. The blue chip Hang Seng Index fell 426.47 points to close at 9975.85. On Monday the index had shed 339.79 points. Turnover rose to 6.50 billion Hong Kong dollars U.S. dlrs 833 million up from Monday's 5.08 billion Hong Kong dollars U.S. dlrs 651 million. Share prices fell in reaction to Wall Street's drop and concerns about Hong Kong's economy said Michael Ng dealing director at Sassoon Securities. The Dow Jones industrial average which touched a record high a week ago fell 216.53 points or 2.3 percent to end at 9116.55 Monday. Hong Kong's economy shrank by 7 percent in the third quarter prompting the government to lower its economic forecast a 5 percent contraction for 1998. On Monday the government also announced that its budget deficit for the first seven months of the fiscal year had reached 50.16 billion Hong Kong dollar U.S. dlrs 6.43 billion. That figure was well above the 21 billion Hong Kong dollar dlrs 2.69 billion deficit the government estimated for the fiscal year that ends March 31 1999. Among big property stocks Cheung Kong fell 4.25 Hong Kong dollars to 51.50 and Sun Hung Kai Properties fell 2.75 dollars to 52.75. In the banking sector HSBC Holdings fell 9.00 dollars to 189.50 and Hang Seng Bank fell 3.25 dollars to 65.00. Elsewhere Hutchison Whampoa fell 2.75 dollars to 52.50 and Swire Pacific ``A'' fell 1.70 dollars to 33.40. APW19981201.0077.txt.body.html APW19981201.0464.txt.body.html