* SSEC 0.2%, CSI300 0.3%, HSI 0.3%
* HK->Shanghai Connect daily quota used 2.5%, Shanghai->HK
quota used 0.3%
* FTSE China A50 +0.1%
SHANGHAI, June 17 (Reuters) - China stocks rose on Thursday
after three straight sessions of losses as downbeat factory
output data eased fears of policy tightening in the worlds
** The CSI300 index rose 0.3%, to 5,096.38 points
at the end of the morning session, while the Shanghai Composite
Index gained 0.2%, to 3,524.31 points.
** The gains came after a three-day losing streak, with the
CSI300 falling the most in two months on Wednesday.
** Growth in China's factory output slowed for a third
straight month in May, likely weighed down by disruptions caused
by COVID-19 outbreaks in the country's southern export
powerhouse of Guangdong.
** The U.S. Federal Reserve on Wednesday began closing the
door on its pandemic-driven monetary policy as officials
projected an accelerated timetable for interest rate increases,
opened talks on how to end crisis-era bond-buying.
** Concerns over domestic valuations remained a focal point
** "The root cause for the recent correction was high
valuations, as many Chinese institutional investors switched out
of expensive stocks to prepare for a year-end ranking," said
Dong Baozhen, chairman of Beijing-based private securities fund
Lingtong Shengtai Investment Management.
** "There is co-existence of extremely high valuations and
extremely low valuations in the A-share market, which needs to
be corrected," he said.
** New energy vehicle companies, leading healthcare firms
and liquor stocks, long seen as bets with frothy valuations,
witnessed sharp corrections in the past few days.
** The CSI new energy vehicles index jumped
2.6% on Thursday after tumbling 6.4% on Wednesday, while the
CSI300 healthcare index firmed 1% after losing
ground for three consecutive sessions.
** In Hong Kong, the Hang Seng index added 0.3% to
28,516.97 points, while the Hong Kong China Enterprises Index
gained 0.2% to 10,585.37.
(Reporting by Luoyan Liu and Andrew Galbraith)