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* HK->Shanghai Join day by day quota used 3.6%, Shanghai->HK day by day quota used 1.7%
* HSI -0.2%, HSCE -0.6%, CSI300 +0.4%
* FTSE China A50 +0.6%
Could 24 (Reuters) – Hong Kong shares closed decrease on Monday, as supplies companies slid after China stepped up intervention within the commodities market, at the same time as cryptocurrency-related shares dived after Beijing’s newest crackdown.
** The Grasp Seng index fell 0.2%, to twenty-eight,412.26, whereas the China Enterprises Index misplaced 0.6%, to 10,641.40 factors.
** Main the declines, the Grasp Seng supplies index dropped 2%, with Chalco and Zijin Mining Group Co Ltd down 5.1% and three.3%, respectively.
** China’s market regulators warned industrial metallic firms to take care of “regular market order” throughout talks on the numerous positive factors in metals costs this 12 months, the Nationwide Improvement and Reform Fee (NDRC) stated on Monday.
** Buyers tread rigorously as they await U.S. private consumption and inflation figures this week.
** The diary has a crowd of Fed audio system this week, together with the influential Fed Board Governor Lael Brainard, and markets shall be eager to listen to in the event that they persist with the script on being affected person with coverage.
** Digital forex and block-chain associated shares additionally weakened, after China vowed to crack down on bitcoin mining and buying and selling actions.
** HK-listed Okg Expertise Holdings Ltd, an affiliate of crypto alternate OK Coin, Huobi Tech, an affiliate of crypto alternate operator Huobi and BC Expertise Group tumbled between 5% and 22%.
** Cryptocurrency mining operators, together with Huobi Mall and BTC.TOP, are suspending their China operations after Beijing’s transfer.
** The Grasp Seng tech index ended 1.9% decrease, with Chinese language web healthcare supplier JD Well being Worldwide Inc shedding 6.3%. (Reporting by the Luoyan Liu and David Stanway, modifying by Ed Osmond)
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