SHANGHAI, Oct 8 (Reuters) - Chinese shares rose on Friday
after a week-long national holiday, helped by encouraging
service sector data and easing political tensions with the
The CSI300 index rose 1.1% to 4,918.45 points at
the end of the morning session, while the Shanghai Composite
Index gained 0.3% to 3,579.96 points.
The Hang Seng index dropped 0.3% to 24,636.46 points.
The Hong Kong China Enterprises Index lost 0.3% to
** Activity in China's services sector returned to growth in
September as a major COVID-19 outbreak in the eastern province
of Jiangsu receded, a private-sector survey showed on Friday,
offering some support to a slowing economy.
** But tourism data during the Golden Week holiday was weak,
fueling hopes for more policy easing.
** "Sluggish golden week data bode poorly for retail sales
growth in October," Nomura analysts said in a note. "We expect
Beijing to ramp up its monetary and fiscal support."
** The consumer staples and the tourism shares
jumped more than 4% each.
** The U.S. and China have agreed in principle for their
presidents to hold a virtual meeting before year's end after
high-level talks meant to improve communication between the two
** The coal sub-index slumped 5.1%, after
China's top coal region has told mines to boost output
immediately, the latest attempt by authorities to boost coal
supply amid record-high prices and shortages of electricity.
** In Hong Kong, Li Ning Co and WuXi Biologics Inc
fell 8.7% and 5.7%, respectively, dragging the Hang
Seng Index lower.
** Index heavyweight Alibaba Group jumped 3.3%,
lifting the city's benchmark up 61 points.
** The healthcare sub-index, the energy sub-index
, the industrial sub-index, and utility
sub-index declined more than 2%.
(Reporting by Shanghai Newsroom; Editing by Ramakrishnan M.)