SHANGHAI, Sept 23 (Reuters) - Chinese stocks rose on
Thursday, led by semiconductors and consumer staples, while
debt-laden developer China Evergrande's assurances lifted real
estate firms in mainland and Hong Kong.
The CSI300 index rose 0.7% to 4,855.51 at the end
of the morning session, while the Shanghai Composite Index
gained 0.6% to 3,649.57.
The Hang Seng index added 0.7% to 24,388.52. The Hong
Kong China Enterprises Index gained 0.9% to 8,718.64.
** The real estate sub-index gained 2.1%, while
the banking sub-index slipped 0.2%.
** China Evergrande Group said it held an internal
meeting late on Wednesday night, urging company executives to
ensure the quality delivery of properties and redemption of
wealth management products.
** Evergrande said it had "resolved" one coupon payment due
on Thursday but didn't give more details, leaving it unclear
what this means for $83.5 million in dollar bond interest
payments due on the day.
** Consumer staples rose 1.2%, while the energy
sub-index dropped 2.7%.
** China's cabinet pledged on Wednesday to roll out policies
to boost consumption, and use more market-based measures to
stabilise commodity prices.
** The semiconductors sub-index and the
infrastructure sub-index added more than 2.5% each.
** In Hong Kong, property-related firms led gains on
catch-up trade, as the market was shut for a public holiday on
** China Evergrande Group soared as much as more
than 30% in morning trading and was up 10.6% at the end of
** The Hang Seng Mainland Properties Index surged
7.7%, while the Hang Seng Property Index was up 3.9%.
** The Hang Seng Tech Index rose 0.4%. Tech giants
Meituan and Tencent Holdings went up but
Alibaba Group declined after they said they have begun
to send its consumer credit data to a database run by China's
** A sub-index tracking energy gained 2.6%.
(Reporting by Shanghai Newsroom; Editing by Rashmi Aich)