SHANGHAI, Aug 6 Reuters China stocks fell to sixmonth lows on Tuesday despite a regional relief rally, and the yuan eased from Monday39;s sevenmonth high against the dollar, challenging views Chinese assets would be a safe haven from a global market rout.

But China39;s longterm yields jumped on fears of governmentorchestrated bond selling to cool a sizzling rally, rather than a rosier economic outlook.

The Chinese and Hong Kong stock markets outperformed on Monday amid savage selling in Japan, South Korea and Taiwan but were outliers as regional markets rebounded.

The bluechip CSI 300 Index ended the session flat, dropping to its lowest since February after opening the day higher. The Shanghai Composite Index closed up 0.2. Hong Kong39;s Hang Seng closed down 0.3 after falling to the lowest since April 22 in the previous session.

The onshore yuan changed hands around 7.1450 per dollar in late afternoon, sharply lower than the sevenmonth peak of 7.1120 hit on Monday.

Christopher Ying, investment manager at Shanghai Ju Cheng Asset Management, said he doubted China would be a safe harbour from the global decline because of its shaky fundamentals.

Investors feeling the pulse of China39;s economy need to wait until the end of China39;s midyear earnings season, and also the Fed rate cut expected in September, Ying said.

Some investors also attributed the stock market weakness on Tuesday to the rise in longterm yields, which could curb stock valuations.

China39;s 10year…