* SSEC 0.2%, CSI300 0.1%, HSI -0.4%
* HK->Shanghai Connect daily quota used 0.5%, Shanghai->HK
quota used 1.4%
* FTSE China A50 +0.1%
SHANGHAI, May 24 (Reuters) - China stocks eked out gains on
Monday, helped by gains for financial firms, but caution
prevailed as investors awaited key U.S. inflation readings for
guidance on monetary policy.
** The CSI300 index rose 0.1% to 5,137.63 points
at the end of the morning session, while the Shanghai Composite
Index gained 0.2% to 3,492.04 points.
** Leading the gains, the CSI SWS securities index
jumped 3%, helping push up the CSI300 financials
index by 0.8%.
** Ample liquidity, falling interest rates and commodities
prices, as well as China's crackdown on cryptocurrencies, bode
well for securities stocks, TF Securities said in a report.
** The brokerage noted a marked deviation between earnings
growth and valuations in the sector, saying the deviation is not
in line with China's new position of the country's capital
** Investors tread carefully as they await U.S. personal
consumption and inflation figures this week.
** The diary has a crowd of Fed speakers this week,
including the influential Fed Board Governor Lael Brainard, and
markets will be keen to hear if they stick to the script on
being patient with policy.
** Digital currency and block-chain related stocks slumped
on Monday, after China vowed to crack down on bitcoin mining,
** HK-listed Okg Technology Holdings Ltd, an
affiliate of crypto exchange OK Coin, Huobi Tech, an
affiliate of crypto exchange operator Huobi and BC Technology
Group slumped between 4.5% and 18.2%.
** Cryptocurrency mining operators, including Huobi Mall and
BTC.TOP, are suspending their China operations after Beijing
stepped up its efforts to crack down on bitcoin mining and
** The Hang Seng index dropped 0.4% to 28,342.10
points, while the Hong Kong China Enterprises Index lost
0.8% to 10,614.25.
** The Hang Seng tech index and the Hang Seng
materials index declined 2.2% and 2.0%, respectively.
(Reporting by Luoyan Liu and David Stanway; Editing by