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China stocks slip on trade deal uncertainty; HK gains on global rally

* SSEC falls 0.1%, CSI300 0.1% lower; HSI rises 1.4%

* HK->Shanghai Connect daily quota used 0.6%, Shanghai->HK daily quota used 1.3%

* FTSE China A50 down 0.2%

SHANGHAI, July 2 (Reuters) - China stocks eased on Tuesday, as investors were cautious amid uncertainty whether Beijing and Washington could strike a durable deal, while Hong Kong shares rose in line with a global rally in the previous session.

** The CSI300 index fell 0.1% to 3,933.69 at the end of the morning session, while the Shanghai Composite Index lost 0.1% to 3,043.01.

** U.S. President Donald Trump said on Monday that trade talks with China were under way and any deal would need to be somewhat tilted in favour of the United States.

** Trump and Chinese President Xi Jinping agreed in a meeting on Saturday at a G20 summit in Japan to restart trade talks after the last major round of negotiations collapsed in May.

** Investors also turned their attention to China's domestic factors, as they watched if Beijing could temper stimulus measures given the trade truce.

** China's economy is likely to hit its growth target this year provided a bitter trade dispute with the United States does not worsen, and hence will not need "very big" stimulus measures to prop up growth, a central bank adviser said on Monday.

** China's factory activity shrank more than expected in June, an official manufacturing survey showed, highlighting the need for more economic stimulus as U.S. tariffs and weaker domestic demand ramped up pressure on new orders for goods.

** Hong Kong stocks rose as they caught up with a global rally on Monday, when the island was closed for holiday.

** The Hang Seng index added 1.4%, to 28,929.19, while the Hong Kong China Enterprises Index gained 1.4%, to 11,028.55.

** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.44% while Japan's Nikkei index was up 0.17%.

** The yuan was quoted at 6.8632 per U.S. dollar, 0.15% weaker than the previous close of 6.853.

** The largest percentage gainers in the main Shanghai Composite index were Fujian Haixia Environmental Protection Group Co Ltd, up 10.05%, followed by Fujian Aonong Biological Technology Group Incorporation Ltd, gaining 10.01% and Changzheng Engineering Co Ltd, up by 10%.

** The largest percentage losers in the Shanghai index were Cashway Technology Co Ltd, down 7.97%, followed by Fujian Longma Environmental Sanitation Equipment Co Ltd , losing 7.85% and Suzhou Kelida Building & Decoration Co Ltd, down by 7.57%.

** The top gainers among H-shares were Dongfeng Motor Group Co Ltd, up 6.09%, followed by ANTA Sports Products Ltd , gaining 5.22% and China Life Insurance Co Ltd , up by 4.99%.

** The three biggest H-shares percentage decliners were China Railway Group Ltd, which has fallen 0.17%, China Communications Construction Co Ltd, which has lost 0.0% and China Mobile Ltd, down by 0.3%.

** As of 0421 GMT, China's A-shares were trading at a premium of 28.58% over the Hong Kong-listed H-shares.

(Reporting by Luoyan Liu and John Ruwitch; Editing by Rashmi Aich)