* SSEC -1.0%, CSI300 -1.9%, HSI -1.6%
* HK->Shanghai Connect daily quota used -2.9%, Shanghai->HK
quota used 1.2%
* FTSE China A50 -2.5%+0.0
BEIJING/SHANGHAI, March 19 (Reuters) - Chinese equities
dropped on Friday, after a rise in global bond yields prompted
selling in high-priced consumer and material stocks as risk
** At the midday break, the Shanghai Composite index was
down 1.04% at 3,426.91 points, while the blue-chip CSI300 index
was down 1.9%.
** The consumer staples sector fell 2.44%, the real
estate index dropped 2.48% and the materials
subindex declined 2.46%.
** Chinese H-shares listed in Hong Kong fell 1.71% to
11,274.59, while the Hang Seng Index was down 1.55% at
** Yields on U.S. 10-year notes spiked to the highest since
early 2020 overnight, dragging down global and Asian equity
markets as richly priced tech stocks declined.
** Market sentiment was dented further after China and the
United States kicked off a rough bilateral conversation in
Alaska on Thursday, with both sides making rare public rebukes https://www.reuters.com/article/us-usa-china-alaska/u-s-china-spar-with-rare-harsh-public-rebukes-in-first-in-person-talks-of-biden-presidency-idUSKBN2BA2A7.
** The smaller Shenzhen index was down 1.22%, the
start-up board ChiNext Composite index was weaker by
2.12% and Shanghai's tech-focused STAR50 index was
** Around the region, MSCI's Asia ex-Japan stock index
was weaker by 1.42% while Japan's Nikkei index
was down 1.70%.
(Reporting by Cheng Leng in Beijing, Luoyan Liu and Andrew
Galbraith in Shanghai; Editing by Devika Syamnath)