SHANGHAI, Sept 22 (Reuters) - Chinese blue-chips fell on
Wednesday when the market resumed trade after a holiday, led by
banking and consumer staples, while real-estate shares jumped as
developer China Evergrande assured to settle interest payments
on a domestic bond.
The blue-chip CSI300 index closed 0.7% lower at
4,821.77, while the Shanghai Composite Index gained 0.4%
to 3,628.49 points.
** China Evergrande Group's main unit said it
would make a coupon payment on its domestic bonds on Thursday,
offering some relief to jittery markets worldwide.
** The banking sub-index dropped 2.4%, while
the real-estate index jumped 5.6% after opening
down nearly 2%.
** Property and banking stocks in the Hong Kong market had
slumped on Tuesday due to growing risks of defaults at Chinese
property developers and amid concerns that Beijing's "common
prosperity" agenda would also include Hong Kong real estate
** China Merchants Securities said in a note that the
A-share market was not likely to continue to fall, citing the
different structures of investors between the mainland and Hong
Kong markets and policy space. They added that overseas
investors took up more than 40% of the investors in the Hong
** Chinese A-share market resumed trade after the Mid-Autumn
Festival holiday, while the Hong Kong market was shut on
Wednesday for a public holiday.
** The consumer staples and tourism companies
declined 2.5% and 1.8%, respectively, amid a
resurgence in coronavirus cases.
** The energy sub-index surged 6% on higher coal
** Chinese leader Xi Jinping said on Tuesday that China
would not build new coal-fired power projects abroad. Meanwhile,
the state planner said it had sent out teams to ensure energy
supply and price stabilisation measures have been implemented.
** The NEEQ Market Making Component Index,
which tracks the most liquid equities traded on Beijing's New
Third Board on which the Beijing Stock Exchange is based, jumped
over 6% to its highest since 2016 after Beijing bourse set
** A sub-index tracking infrastructure rose
(Reporting by Shanghai Newsroom; Editing by Sherry