* SSEC -0.8%, CSI300 -0.08%
* Materials sector drop outweighs gains in consumer staples
* Property sector dips as China Evergrande misses bond
SHANGHAI, Sept 24 (Reuters) - China shares fell on Friday as
losses in materials firms outweighed gains in consumer staples,
while the property sector fell amid investor concerns over a
missed bond payment by developer China Evergrande Group.
** At the close, the Shanghai Composite index was down
0.8% at 3,613.07 points.
** The blue-chip CSI300 index fell 0.08%, with the
materials sector down 3.97%, the financial sector
0.86% lower and real estate firms down
** China's cabinet pledged this week to roll out policies to
boost consumption and use more market-based measures to
stabilise commodity prices, while the state planner on Friday
called on state companies to provide sufficient power supply to
fertiliser producers amid soaring prices.
** The consumer staples sector ended the day up
** Weakness in property firms came as a bond interest payment
deadline for Hong Kong-listed developer China Evergrande Group
expired with bondholders reporting they had not been
** The smaller Shenzhen index ended down 0.64% and the
start-up board ChiNext Composite index was higher by
** Around the region, MSCI's Asia ex-Japan stock index
was weaker by 0.31%, while Japan's Nikkei index
closed up 2.06%.
** At 07:00, the yuan was quoted at 6.4619 per U.S.
dollar, 0.03% weaker than the previous close of 6.46.
** So far this year, the Shanghai stock index is up 4% and the
CSI300 has fallen 6.9%, while China's H-share index listed in
Hong Kong is down 19.7%. Shanghai stocks have risen 1.95% this
(Reporting by Andrew Galbraith; editing by Philippa Fletcher)