* HK-> Shanghai Connect daily quota used 5.3%, Shanghai-> HK daily quota used 2.1%
* HSI -2.2%, HSCE -1.5%, CSI300 + 0.4%
* FTSE China A50 + 0.4%
March 12 (Reuters) – Hong Kong stocks fell Friday to post a weekly loss, measured by weakness in tech companies over concerns about the latest Sino-US tensions.
** The Hang Seng Index fell 2.2%, to 28,739.72, while the China Enterprise Index lost 1.5%, to 11,172.95 points.
** The United States on Thursday rejected Chinese moves to change Hong Kong’s electoral system and predict “difficult” talks with Beijing’s top diplomat next week.
** China has again warned the United States to suspend its involvement in its dealings, including Hong Kong, a foreign ministry spokesman said Friday.
** Shares of Huawei suppliers fled when U.S. administration imposed new limits on these companies.
** Hang Seng tech index, which is aware of developments in Sino-US relations, closed at 2.1%, after losing 23% from a high-impact hit just three weeks ago.
** Gaming giant Tencent Holdings fell 4.4% on Friday.
** Chinese Prime Minister Li Keqiang defended the government’s target for more than 6% economic growth this year, saying it was not “low”, and that policies would not be released too much to run growth higher.
** Lower economic growth target allows China to bounce back in the market even as inflation fears grow, analysts said.
** Around the region, MSCI’s stock index in Asia outside Japan was weaker by 0.29%, while Japan’s Nikkei index closed 1.73%.
** The Yuan was called at 6.505 per US dollar at 08:24 GMT, 0.16% weaker than the previous close of 6.4945.
** At close, A shares in China traded at a high of 33.91% over H-listed shares in Hong Kong. (Reporting by Shanghai Newsroom; Editing by Aditya Soni)