* Gold stocks led losses on ASX 200
* Energy stocks, banks capped some losses
* NZX 50 fell 0.35%
Sept 24 (Reuters) - Australia shares ended lower on Friday
to mark a third weekly decline as property developer
Evergrande's debt crisis continued to capture attention
worldwide and spark concerns of a fallout in China's financial
system and other markets.
The S&P/ASX 200 index fell 0.37% to close trade at
7,342.6 points. In the previous session, the benchmark closed 1%
higher at a seven-week peak.
"With China Evergrande's bond interest payment deadline
inching closer, markets have been evaluating what would happen
if the property developer fails to settle the interest within a
month of the slated payment dates," Kunal Sawhney, chief
executive officer of Kalkine Group said.
Investors are concerned a slowdown in China may have an
impact on commodities. Australian miners, who are
dependent on Chinese demand for raw materials, fell 1.36%, with
the country's big mining triumvirate - BHP Group, Rio
Tinto and Fortescue Metals skidding between
0.3% and 2.6%.
Gold miners led the losses on the main bourse after
dropping 3.35%, tracking lower bullion prices overnight amid an
uptick in Treasury yields.
Gold miner Kingsgate Consolidated Ltd fell 7.2%
while Ramelius Resources Ltd lost 6.1%.
In contrast, energy stocks rose 1.41% tracking an
uptick in oil prices as investors focused on tighter supplies
amid strong appetite for riskier assets such as crude.
Heavyweight Washington H Soul Pattinson and Company
was the top gainer in the sub-index, advancing 3.8%, followed by
natural gas major Santos Ltd, gaining up to 4.9%.
Major banks advanced 0.66% with a rise in Australian
bond yields as higher rates lead to better margins. Among the
'Big Four' banks, the country's biggest lender Commonwealth Bank
New Zealand's benchmark S&P/NZX 50 index fell 0.35%
to finish the session at 13,259.6 points.
($1 = 1.3729 Australian dollars)
(Reporting by Riya Sharma in Bengaluru, Editing by Sherry