Chinese stocks fall as buyers flock to the new STAR table

* SSEC -0.6%, CSI300 0.0%, HSI -0.8%

* HK-> daily quota of Shanghai Connect used -0.5%

* Shanghai-> HK daily quota used 1.7%

* FTSE China A50 + 0.4%

SHANGHAI, July 22 (Reuters) – China's stock index benchmark fell on Monday and blue-chip stocks have moved sideways, the enthusiasm sparked by the country's new STAR market, to Nasdaq , diverted the attention of investors from major markets.

** The CSI300 index remained unchanged at 3,807.03 at the end of the morning session, while the Shanghai Composite Index lost 0.6% to 2,907.44.

** The 25 companies listed on the new STAR market in China have more than doubled the price of their shares compared to the already weak valuations of the initial public offering, trading having started on Monday during a morning session marked by high volatility.

** Equities were also weighed down by lower investor expectations of an aggressive interest rate cut by the US Federal Reserve.

** Expectations for a 50 basis point cut were further reduced after the Wall Street Journal announced that the Fed was likely to cut rates by 25 basis points when it would meet later this month and may make further reductions in the future due to uncertainties related to global growth and trade.

** The eyes were also interested in the development of Sino-US trade negotiations.

** US President Donald Trump said Friday that US Treasury Secretary Steve Mnuchin had a very good talk with his Chinese counterpart, while China announced that the authorities could soon meet face to face for end a trade war lasting one year.

** Some Chinese companies are looking for new purchases of US agricultural products, the Xinhua news agency said Sunday, citing the authorities, as Beijing and Washington were looking for ways to end a protracted trade war.

** In Hong Kong, the Hang Seng index fell 0.8% to 28,542.59, while the Hong Kong China Enterprises index lost 0.6% to 10,841.29.

** Across the region, the MSCI Asia-Ex-Japan equity index was 0.38% lower, while Japan's Nikkei index lost 0.35%.

** The yuan was quoted at 6.8788 to the US dollar, 0.03% higher than the previous close of 6.881.

** The main percentages of winners in Shanghai's main composite index were Hebei Jinniu Chemical Industry Co Ltd (+ 10%), followed by Will Semiconductor Co Ltd Shanghai (+ 8.51%) and Toly Bread Co Ltd (+7 , 12%).

** The values ​​of Suzhou Secote Precision Electronic Co Ltd (9.99%) were the worst performers, followed by Guangzhou Yuetai Group Co Ltd (9.97%) and Wuhan DDMC Culture Co Ltd (9.62%) ).

** Since the beginning of the year, the Shanghai equity index has risen by 17.25%, while China's H share index has increased by 7.7%. Shanghai shares fell 1.84% this month.

** The most successful shares among H shares were ANTA Sports Products Ltd, up 3.29%, followed by Shenzhou International Group Holdings Ltd., up 1.27% and China Resources Beer Holdings Co Ltd, up 1.07%.

** The three largest percentage declines in H shares were the Postal Savings Bank of China Co Ltd, which lost 2.13%, the CITIC Securities Co Ltd, which lost 2.0% and the China Tower Corp Ltd, down 1.9%.

** About 11.80 billion shares have been traded so far on the Shanghai Stock Exchange, about 61.4% of the 30-day moving average market, which is 19.21 billion shares per share. day. The volume traded was $ 14.95 billion on the last trading day.

** At 16:30 GMT, China A shares traded at a 27.78% premium over H shares listed in Hong Kong.