HK shares open up 1 pct, but Sinopec, HSBC down

HONG KONG, June 30 (Reuters) - Hong Kong shares opened nearly 1 percent higher on Monday as stocks bounced back from days of steep losses, but gains were capped by a 0.8 percent dip in index heavyweight HSBC Holdings (0005.HK)

Asia'a largest refiner, Sinopec Corp (0386.HK), gave up 1.4 percent as crude oil prices stayed high, putting pressure on the company's refining margins.

The benchmark Hang Seng Index .HSI was up 195.57 points at 22,237.92.

The China Enterprises Index .HSCE of top locally listed mainland firms outperformed the broad market by opening up 1.4 percent. (Reporting by Parvathy Ullatil; Editing by Jonathan Hopfner)