* Hang Seng index eases 0.49%
* China Enterprises index HSCE slips 0.41%
* HSI financial sub-index climbs 0.35%; property up 0.23%
HONG KONG, May 5 (Reuters) - Hong Kong shares closed lower
on Wednesday, as consumer discretionary and technology stocks
retreated ahead of the reopening of China markets, outweighing
gains from banks and energy sectors.
** The Hang Seng index ended down 139.16 points or
0.49% at 28,417.98. The Hang Seng China Enterprises index
fell 0.41% to 10,721.87.
** Hong Kong tech index fell 2.13% to its lowest
close in three weeks, tracking a 1.9% drop in the Nasdaq on
** Tencent, the most actively traded by turnover,
fell 1.9%. Meituan slid 1.6% and Alibaba Group
** The sub-index of the Hang Seng tracking energy shares
rose 1.1%, while the IT sector dipped 1.85%.
The financial sector gained 0.35% and the property
sector climbed 0.23%
** Oil prices rose for a third day on Wednesday after
industry data indicated U.S. crude inventories fell much more
than expected last week, reinforcing bullish views on fuel
demand in the world's largest economy.
** Brokers said investors were willing to hunt for bargain
ahead of the reopening of China markets on Thursday.
** Chinese financial and futures markets are closed from May
1 to 5 for the Labour Day holidays.
** The top gainer on the Hang Seng was Hang Seng Bank Ltd
, which rose 3.42%, while the biggest loser was
Haidilao International Holding Ltd, which fell 6.07%.
** Around the region, MSCI's Asia ex-Japan stock index
was weaker by 0.34%.
** The top gainers among H-shares were Bank of
Communications Co Ltd up 3.26%, followed by China
Merchants Bank Co Ltd, gaining 2.5% and Postal Savings
Bank of China Co Ltd, up by 2.35%.
** The three biggest H-shares percentage decliners were
Haidilao, Hansoh Pharmaceutical Group Co Ltd, which
fell 4.6% and Baidu Inc, down by 3.53%.
(Reporting by Donny Kwok; editing by Uttaresh.V)