HONG KONG, Sept 15 (Reuters) - Hong Kong shares slid 0.31 percent on Tuesday afternoon after a severe tropical storm forestalled the morning session, with investors staying away for fresh incentives despite stronger China stocks and overseas markets.
Alibaba.com lost 11 percent after Yahoo! Inc sold its 1 percent direct holding in China's top e-commerce company, while top developer Sun Hung Kai Properties fell 0.88 percent ahead of the release of its yearly earnings due later on Tuesday.
The benchmark Hang Seng Index lost 65.83 points to 20,866.37, while the China Enterprises Index, which represents top locally listed mainland Chinese stocks, edged down 0.01 percent at 12,156.07.
China's key stock index the Shanghai Composite Index gained 0.23 percent to a new one-month closing high. (Reporting by Donny Kwok; Editing by Chris Lewis)