Excerpts from the South China Morning Post this week in 1981 President Anwar Sadat, of Egypt, was killed by a group of Egyptian soldiers who attacked his reviewing stand with grenades and assault rifles during a military parade in Cairo. Vice-President Hosni Mubarak announced the death nearly seven hours after the attack and pledged that Egypt would remain faithful to all its international treaties and pursue its efforts towards peace in the Middle East. President Sadat broke with the rest of the Arab world to make peace between his country and Israel. He was assassinated on the anniversary of his greatest military triumph - eight years to the day since Egyptian troops launched a successful surprise attack across the Suez Canal into the Israeli occupied Sinai peninsula. Gunmen in Beirut fired automatic rifles into the air in celebration when they heard the Egyptian president had been shot. President Sadat had been criticised throughout the Arab world for unilaterally making peace with Israel. Iranian state radio hailed the assassination as the death of a traitor and mercenary. In the Gulf, the official news agencies of Saudi Arabia, Kuwait, the United Arab Emirates and Qatar reported without comment the Egyptian state radio announcement of the shooting. Western reaction to the killing was one of numbed shock compared with the jubilation among Arab hardliners. US President Ronald Reagan called the assassination 'cowardly infamy' and declared: 'America has lost a close friend, the world has lost a great statesman and mankind has lost a champion of peace.' Former US President Jimmy Carter, who presided over the signing of the Camp David agreements between Mr Sadat and the Prime Minister of Israel, Menahem Begin, in March 1979, said: 'I don't know of anyone who contributed more towards peace on earth in my lifetime.' Small investors continued their withdrawal from Hong Kong equity markets, sending the Hang Seng Index to its greatest one-day fall since March 1973. After a weekend of worry about a boost in interest rates, the stock market opened sharply lower and the index was down 140 points at one stage before some late afternoon bargain hunting brought share prices back from their lows. The index finished 119.49 points down at 1,113.77. The blunt-talking Prime Minister of New Zealand, Robert Muldoon, stole the limelight at the commonwealth conference in Melbourne with a series of barbed comments aimed at prime ministers, officials and journalists. A short, heavy-set man, he was frequently referred to as 'piggy' in the New Zealand and Australian press. He told reporters that 'piggy' was out of date as a nickname for him. 'In New Zealand, they either call me Rob or that bastard,' he said. The wrong horse ran in a race at Happy Valley in an embarrassing blunder estimated to have cost the Jockey Club around $2 million. The bizarre affair centred around two chestnut geldings - Tales of Glory, trained by Australian Arthur Ward, and Win Horse, trained by Englishman Gordon Smyth - which are both stabled at Sha Tin. The mix-up saw Win Horse run as Tales of Glory in the fifth race and the error was not discovered until after the official 'weighed-in' sign had been posted and dividends semaphored. Leading Hong Kong jockey Gary Moore pulled off the biggest success of his career by winning Europe's richest horse race, the Prix de l'Arc de Triomphe on French stayer Gold River at Longchamp. Moore completed an overnight plane journey from Hong Kong to Paris to ride the 53-1 outsider. Brand new garden houses at the Hong Lok Yuen and Fairview Park developments were being advertised for rent at between $12,500 and $20,000 a month at Hong Lok Yuen in Tai Po and from $3,500 and $4,800 a month at Fairview Park in Yuen Long. All houses were available for sale at prices ranging from $400,000 to $2.5 million.