* SSEC -1.4%, CSI300 -1.6%, HSI -1.8%
* HK->Shanghai Connect daily quota used -3.7%, Shanghai->HK
quota used 6.3%
* FTSE China A50 -1.6%
SHANGHAI, Sept 4(Reuters) - China stocks fell on Friday
after a sharp overnight selloff in Wall Street, with the
benchmark Shanghai index set to snap a five-week winning streak.
** The CSI300 index fell 1.6% to 4,740.73 points
at the end of the morning session, while the Shanghai Composite
Index dropped 1.4% to 3,338.14 points.
** The tech-heavy start-up board index lost 1.7%,
while the STAR50 index eased 1.2%.
** For the week, CSI300 was down 2.1%, while SSEC shed 1.8%
and is on track to break a five-week winning streak.
** Wall Street's main indexes marked their deepest one-day
dives in months on Thursday as investors dumped the high-flying
technology sector, while economic data highlighted concerns
about a long and difficult recovery.
** The U.S. selloff dented sentiment in the A-share market,
as foreign investors tended to retreat via the Stock Connect
after such corrections, said Zheng Zichun, an analyst with AVIC
** Investors on Friday sold a net 3.75 billion yuan ($548.14
million) worth of China stocks via the Stock Connect linking
mainland and Hong Kong, which allows foreign investors access to
the country's onshore equities, according to Refinitiv data.
** Leading the declines, the CSI300 consumer staples index
dropped 3.2% by midday on worries about lofty
** Apple Inc's suppliers also fell, after the
iPhone maker's shares slipped 8% overnight.
** However, AVIC Securities' Zheng remained optimistic about
the long-term outlook for A-shares, citing low valuations
compared with their U.S. peers and Beijing's continued policy
support as it needs a robust market to finance the country's
** Bucking the broad retreat, China's semiconductor firms
climbed on report of new policies to prop up the chip sector.
** In Hong Kong, the Hang Seng index dropped 1.8%, to
24,551.18 points, while the Hong Kong China Enterprises Index
lost 1.3%, to 9,809.44 points.
($1 = 6.8413 Chinese yuan renminbi)
(Reporting by Luoyan Liu and Brenda Goh; Editing by Amy Caren