Sinopec, PetroChina depress Hong Kong, China shares; Tencent rebounds
* HSI +0.4 pct, H-shares -0.2 pct, CSI300 -0.8 pct
* Shunfeng surges on reported Beijing credit support for sector
* Lenovo sinks after BAML downgrade on Motorola turnaround concerns
* Earnings: AIA, Parkson Retail down; Citic Pacific up
By Clement Tan
HONG KONG, Feb 21 (Reuters) - Falls in PetroChina and Sinopec shares hurt Hong Kong and mainland markets early Friday, as investors took profit on their outsized gains the previous day as scepticism lingers on how much China's state-owned enterprises will be reformed.
Losses on the day threaten to erase weekly gains for Hong Kong markets while flattening A-share indexes, with doubts growing about durability about their rebound from January troughs with the latest macroeconomic indicator flashing amber.
At midday, the Shanghai Composite Index was down 1 percent, while the CSI300 of the largest Shanghai and Shenzhen A-share listings shed 0.8 percent. On the week, the first was up 0.1 percent and the second down 1.2 percent.
The Hang Seng Index rose 0.4 percent to 22,486.2 points, while the China Enterprises Index slipped 0.2 percent. On the week, they were up 0.8 and 0.2 percent, respectively. Continuación...