REFILE-HK stocks seen down on US jobs, profit-taking

(Refiles to fix spelling of profit in headline)

HONG KONG, April 7 (Reuters) - Hong Kong stocks are expected to fall on Monday after volatile trade last week and following weak U.S. jobs data that sparked more fears the credit crisis may have tipped the world's largest economy into recession.

"The market might enter a consolidation phase at this level because the upside is very limited," said Andrew To, sales director at Tai Fook Securities.

"There's the continued weak U.S. situation with the job market, and the local market is overbought."

He said stocks could move between red and black territory during the trading day.

The benchmark Hang Seng Index .HSI closed up 1.64 percent at 24,264.63 points on Thursday. It was closed on Friday for a holiday.

The index rose 4.2 percent for the week following the index's worst first quarter in six years.

The China Enterprises Index of Hong Kong-listed mainland companies .HSCE, or H shares, rose 2.58 percent to 13,137.57 on Thursday.

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