* SSEC -0.2%, CSI300 -0.6%, HSI -1.4%
* HK->Shanghai Connect daily quota used -1.7%, Shanghai->HK
quota used 0.5%
* FTSE China A50 -1.1%
SHANGHAI, June 21 (Reuters) - China and Hong Kong stocks
fell on Monday, tracking other Asian markets, as investors
continued to ponder the implications of the U.S. Federal
Reserve's surprise hawkish shift last week.
** The CSI300 index fell 0.6% to 5,073.36 points
at the end of the morning session, while the Shanghai Composite
Index dipped 0.2% to 3,517.17 points.
** The Hang Seng index dropped 1.4% to 28,413.42
points, while the Hong Kong China Enterprises Index fell
1.1% to 10,533.91.
** Around the region, MSCI's Asia ex-Japan stock index
was weaker by 1.36%, while Japan's Nikkei index
was down 3.59%.
** U.S. St. Louis Federal Reserve President James Bullard
said on Friday that the U.S. central bank's shift towards a
faster tightening of monetary policy was a "natural" response to
economic growth and particularly inflation moving quicker than
expected as the country reopens from the COVID-19 pandemic.
** Analysts said a hawkish Fed could lead to a stronger
dollar and a weaker yuan, pressuring on the A-share market by
prompting foreign outflows.
** The A-share market will be under heavy pressure against a
backdrop of a strong dollar, said Yan Kaiwen, an analyst with
China Fortune Securities.
** Investors on Monday sold a net 764 million yuan ($118.14
million) worth of A-shares via the Stock Connect linking
mainland and Hong Kong, according to Refinitiv data.
** Meanwhile, the dollar held near multi-month peaks against
other major currencies on Monday.
** China kept its benchmark lending rate for corporate and
household loans unchanged for the 14th straight month at its
June fixing on Monday, in line with market expectations.
** The Financial News, backed by the Peoples Bank of China
(PBOC), on Sunday advised against speculating about liquidity
tightening and policy direction, saying such action can mislead
and roil markets.
($1 = 6.4669 Chinese yuan renminbi)
(Reporting by Luoyan Liu and Andrew Galbraith; Editing by Amy