HK Hot Stocks -HSBC lower, Sinopec sinks

HONG KONG, Aug 4 (Reuters) - At 0216 GMT, the Hang Seng Index .HSI was down 0.9 percent at 22,663.09.

The China Enterprises Index .HSCE of top locally listed Chinese firms had fallen 1 percent

Here are some of the stocks on the move in early trade-

*Europe's largest bank, HSBC Holdings 0005.HK, which is set to announce its first half earnings later today, was down 0.5 percent, hit by credit market worries. Analysts expect the lender to post a 28 percent dip in profit, outperforming peers on strong capital funding and liquidity as well as its exposure to faster-growing emerging markets. [ID:nSP154228]

HSBC unit Hang Seng Bank (0011.HK), also due to announce its first half earnings today, fell 1.3 percent.

*Asia's largest refiner Sinopec Corp (0386.HK), which has been struggling with the widening gap between soaring international crude prices and regulated prices of refined products in China, slipped 3 percent. Crude prices hovered above $126 a barrel on Monday on concern over Iran's nuclear activities.

*Telecom gear maker China Communications Services (0552.HK) extended Friday's 3 percent gain, adding another 2.3 percent, on recent brokerage upgrades.

The company is tipped to be one of the biggest beneficiaries of China's telecom restructuring drive.

(Reporting by Parvathy Ullatil; Editing by Jonathan Hopfner)