* SSEC +0.2%, CSI300 +0.4%, HSI -0.2%
* HK->Shanghai Connect daily quota used 100%, Shanghai->HK
quota used -0.1%
* FTSE China A50 +0.3%
SHANGHAI, June 30 (Reuters) - China stocks climbed on
Wednesday, aided by semiconductor firms on expectations of
robust earnings, while soft factory activity data eased fears of
policy tightening in the world's second-largest economy.
** The CSI300 index rose 0.4% to 5,212.25 by the
end of the morning session, while the Shanghai Composite Index
gained 0.2% to 3,581.72.
** Shenzhen's start-up board ChiNext added 1.7%,
while Shanghai's tech-focused STAR50 index rose 1.8%.
** Growth in China's June factory activity dipped to a
four-month low on higher raw material costs, a shortage of
semiconductors and a COVID-19 outbreak in the major export
province of Guangdong, amid wider supply chain disruptions in
** China's June official manufacturing Purchasing Manager's
Index eased slightly to 50.9 versus 51.0 in May, data from the
National Bureau of Statistics showed. It, however, exceeded
analysts' forecast for a slowdown to 50.8.
** China's economic growth could be weak in the second half,
indicating a neutral monetary policy with a loosening bias would
continue, Essence Securities said in a report, adding weak
growth could substantially decrease chances of monetary
** Shares in China's semiconductor firms jumped on
expectations of robust earnings growth in the first half as a
shortage of semiconductors pushed prices higher.
** Shenzhen Fine Made Electronics Group Co Ltd,
Kingsemi Co Ltd, Sino Wealth Electronic Ltd
and SG Micro Corp rose between 11% and
** The CSI all-share semiconductors & semiconductor
equipment index climbed 4.7% by the midday break.
** In Hong Kong, the Hang Seng index dropped 0.2% to
28,948.75, while the Hong Kong China Enterprises Index
lost 0.4% to 10,716.92.
** Shares of oncology and immunology drug developer and
maker Hutchmed China Ltd rose as high as HK$59.80 in
Hong Kong debut, up 49.1% from the offer price.
(Reporting by Luoyan Liu and Andrew Galbraith; Editing by