Hong Kong stocks drop near 2% as financials weigh

* Hang Seng index falls 1.48%

* China Enterprises index HSCE drops 1.28%

* HSI financial sub-index sinks 2.1%; property sector down 1%

HONG KONG, May 3 (Reuters) - Hong Kong stocks fell on Monday, with financials leading the slide, as investors locked in gains after a recent rally, while many kept to the sidelines as China markets remain closed.

** By lunch break, the Hang Seng index .HSI was down 424.36 points, or 1.48%, at 28,300.52. The Hang Seng China Enterprises index .HSCE fell 1.28% to 10,686.87.

** The sub-index of the Hang Seng tracking energy shares .HSCIE slid 0.4%, while the IT sector .HSCIIT dipped 0.94%, the financial sector .HSNF fell 2.11% and the property sector was down 1.04%.

** China's stock and bond markets, as well as its foreign exchange and commodity futures markets, are closed on May 1-5 for the Labour Day holiday. Trade will resume on May 6.

** The top gainer on the Hang Seng was China Petroleum & Chemical Corp 0386.HK , which gained 0.52%, while the biggest loser was HSBC Holdings PLC 0005.HK , which fell 3.38% after a 9% jump last week.

** AIA 1299.HK fell 2.6%, Ping An 2318.HK dropped 2.4% and China Life was down 2.3%

** Around the region, MSCI's Asia ex-Japan stock index .MIAPJ0000PUS was weaker by 0.6%

** The top gainers among H-shares were Anhui Conch Cement Co Ltd 0914.HK up 1.29%, followed by Postal Savings Bank of China Co Ltd 1658.HK , gaining 1.19% and Hansoh Pharmaceutical Group Company Ltd 3692.HK , up by 0.75%.

** The three biggest H-shares percentage decliners were Kuaishou Technology 1024.HK , which dropped 3.57%, China Feihe Ltd 6186.HK , which fell 3.39% and Alibaba Health Information Technology Ltd 0241.HK , was down 2.53%.
Reporting by Donny Kwok

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