HK Hot Stocks-China Mobile falls, coal stocks slip

HONG KONG, Sept 1 (Reuters) - At 0357 GMT, the benchmark Hang Seng Index .HSI was down 1.6 percent at 20,914.42.

The China Enterprises Index .HSCE of top locally listed mainland Chinese firms had fallen 1.8 percent.

Here are some of the stocks on the move in late morning trade:

* Shares in China Mobile (0941.HK), the world's largest wireless carrier, added another 2.4 percent to its 7.2 percent slide in the last two sessions, as investors continued to fret about the company's growth prospects in China's changing telecom landscape.

* Fashion brand Esprit Holdings (0330.HK) dropped 7.1 percent on Monday as analysts predicted another month of flat retail sales growth in Germany, Esprit's No.1 market.

The stock has plummeted 19 percent in the past two trading sessions after the company reported lower-than-expected earnings in the first half and cautioned investors about a further slowdown in the second.

* Chinese coal miners slid on fears of stricter government-imposed price caps on thermal coal.

China Shenhua (1088.HK), the world's most valuable coal miner, fell 2.2 percent to HK$26.40 even after posting a 43 percent jump in first-half net profit on Friday. Credit Suisse cut its target price on the stock to HK$35 from HK$41 after factoring in the policy risk on contract coal.

Yanzhou Coal (1171.HK) also fell percent on Monday.

* Shares in Chinese PC maker Lenovo Group (0992.HK) tumbled 6.4 percent after Dell (DELL.O) warned that companies worldwide were cutting technology spending.

Technology stocks across Asia took a beating on Monday after Dell confirmed the industry's long-standing fears of a demand slowdown. LG Electronics (066570.KS), the world's No.4 handset maker, plunged 9.5 percent while Taiwanese electronics gear maker Hon Hai(2317.TW), dropped 6.9

* Hong Kong-listed arm of Hon Hai, Foxconn International Holdings (2038.HK), slipped 4.4 percent on Dell's comments and worse-than-expected quarterly profits from its parent company.

* Shares in Sinofert (0297.HK), China's main distributor of imported fertilisers, fell 3.1 percent on Monday after Beijing raised export duties on nitrogenous fertilisers to 150 percent.

The increase, which will also apply to synthetic ammonia, will be in effect from Sept. 1 until Dec. 31, while a 100 percent duty on other fertilisers will be extended for an extra two months to Dec. 31. [ID:nSHA83295]

China, the world's largest fertiliser market, slapped an extra 100 percent duty on fertiliser exports in April, with effect to Sept. 30, lifting tariffs as high as 135 percent for some products such as urea to keep more production at home.

(Reporting by Parvathy Ullatil; Editing by Ken Wills)