* Daily quota HK-> Shanghai Connect used 3.6%, daily quota Shanghai-> HK used 1.7%

* HSI -0.2%, HSCE -0.6%, CSI300 + 0.4%

* FTSE China A50 + 0.6%

May 24 (Reuters) – Hong Kong shares closed lower on Monday, as materials companies slipped after China stepped up its intervention in the commodities market, even as crypto-linked shares currencies plunged after Beijing’s latest crackdown.

** The Hang Seng index fell 0.2% to 28,412.26, while the Chinese business index fell 0.6% to 10,641.40 points.

** Leading the decline, Hang Seng Materials Index fell 2%, Chalco and Zijin Mining Group Co Ltd fell 5.1% and 3.3% respectively.

** Chinese market regulators have warned industrial metallurgical companies to maintain “normal market order” during negotiations over significant metal price gains this year, the National Development and Reform Commission said on Monday (NDRC ).

** Investors are being cautious while waiting for personal consumption and inflation figures in the United States this week.

** The newspaper has a host of Fed speakers this week, including influential Fed Governor Lael Brainard, and markets will be anxious to know if they stick to the scenario of patience with politics. .

** Actions related to digital currency and blockchain also weakened, after China pledged to crack down on bitcoin mining and trading activities.

** Okg Technology Holdings Ltd, a subsidiary of crypto exchange OK Coin, Huobi Tech, a subsidiary of crypto exchange operator Huobi and BC Technology Group fell between 5% and 22%.

** Cryptocurrency mining operators, including Huobi Mall and BTC.TOP, suspend operations in China after move from Beijing.

** The Hang Seng Technology Index ended down 1.9%, with Chinese internet health care provider JD Health International Inc losing 6.3%. (Report by Luoyan Liu and David Stanway, edited by Ed Osmond)

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