* HK->Shanghai Connect daily quota used -0.8%, Shanghai->HK daily quota used -1.2%
* HSI -2.9%, HSCE -3.2%, CSI300 -1.0%
* FTSE China A50 -1.8%,
July 8 (Reuters) - Hong Kong stocks slumped on Thursday to a six-month low, as tech firms tumbled amid persistent regulatory worries.
** The Hang Seng index fell 2.9%, to 27,153.13, lowest since Jan. 4, while the China Enterprises Index lost 3.2%, to 9,822.56 points.
** Falling the most, the Hang Seng tech index tumbled 3.7% to its lowest since Oct. 7, posting its seventh straight day of losses.
** Bilibili Inc , Meituan , Baidu Inc and JD.Com Inc retreated between 3.6% and 7.3%.
** Tencent and Alibaba sank 3.7% and 4.1%, respectively.
** China's market regulator said on Wednesday it had fined a number of internet companies including Didi Chuxing , Tencent and Alibaba for failing to report earlier merger and acquisition deals for approval, according to a statement on the website of the State Administration of Market Regulation $(SAMR.SI)$.
** Amid persistent regulatory worries, Linus Yip, chief strategist at First Shanghai Securities said，"those leading tech companies are still in the process of seeking a bottom."
** He added a decreasing U.S. ten-year yield since June also dampen the appeal of traditional cyclical firms, making investors more reluctant to rotate when there was a slump in new economy stocks.
** On the other hand, Beijing's surprise hint at monetary easing raised worries over the health of China's economy.
** China will use timely cuts in the bank reserve requirement ratio $(RRR)$ to support the real economy, especially small firms, the cabinet said on Wednesday.
** "We expect this policy action may yield negative sentiment among investors who may infer that the authority may be concerned about a weaker-than-expected economic recovery, implying potentially higher credit risks ahead," CITI analysts Judy Zhang and Julia Cheung said in a report.
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