Most Hong Kong stocks fell, with the city��s benchmark index retreating from a five-month high, as escalating violence in Iraq drove up crude oil prices.

PetroChina Co., the nation��s largest oil and gas producer, rose 1 percent. Air China Ltd. dropped 1.1 percent, pacing declines among airlines amid higher fuel costs. GCL-Poly Energy Holdings Ltd., the world��s biggest maker of polysilicon used in the solar industry, slipped 5.4 percent after BNP Paribas SA said installation of panels in China will slow.

The Hang Seng Index slid 0.1 percent to 23,304.60 at the break in Hong Kong, with about two shares falling for each that rose. The Hang Seng China Enterprises Index, also known as the H-share index, added 0.1 percent to 10,531.55 after sliding as much as 0.3 percent.

Futures on the Standard & Poor��s 500 Index fell 0.4 percent. U.S. stocks slid last week as lower estimates for global growth and the threat of civil war in Iraq halted a three-week rally that had sent equity indexes to all-time highs.

Source : Bloomberg