** Hong Kong shares of China Petroleum & Chemical Corp 0386.HK, known as Sinopec, fall 4.5% to HK$4.06 on track for the biggest one-day drop since October 8, 2024
** Stock hit their lowest since March 4 and on course for third straight session of fall; second-biggest loser on Hang Seng Index .HSI, which gains 0.1%
** Shanghai stock of the world's largest oil refiner by capacity 600028.SS slip 0.9%
** Sinopec reported a 16.8% decline in 2024 net profit on Sunday, citing lower crude oil prices and the accelerated development of the new energy vehicle $(NEV)$ industry
** Hang Seng Mainland Oil & Gas Index .HSMOGI slips 0.8%, while Hang Seng China Enterprises Index .HSCE adds 0.1%
** YTD, Hong Kong stock down 7.9%, Shanghai shares down 13.6%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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