Hong Kong shares hit 4-1/2 mth low as political, economic worries take toll
* HSI -1.0 pct, H-shares -0.8 pct, China shut for holiday
* Hang Seng most technically oversold since June 2013
* Chinese developers jump after home loan rules relaxed
* Macau casinos hurt by coming smoking ban (Updates to midday)
By Grace Li
HONG KONG, Oct 3 (Reuters) - Hong Kong shares sank to 4-1/2 month lows on Friday, with investors unloading stock amid the continued civil unrest in the city and more gloomy economic news on China.
Chief Executive Leung Chun-ying defied pro-democracy protesters' demands to step down by Friday, with pressure also increasing from Leung's backers in Beijing over one of the most serious political challenges they have faced in decades.
At midday, the Hang Seng Index fell 1.0 percent to 22,701.57 points, the lowest level since May 21. The China Enterprises Index of the top Chinese listings in Hong Kong was off 0.8 percent to a more than three-month low.
For the week with three trading sessions, they are now down 4.1 and 3.4 percent, respectively. Continuación...