SHANGHAI, Dec 1 (Reuters) - China stocks edged up on
Wednesday, as real estate and energy shares gained, while Hong
Kong shares rebounded from a more than one-year low as bargain
hunters bought the dips on tech and financials shares.
The CSI300 index rose 0.1% to 4,836.39 at the end
of the morning session, while the Shanghai Composite Index
gained 0.1% to 3,567.83.
The Hang Seng index added 1.4% to 23,804.87. The Hong
Kong China Enterprises Index gained 1.5% to 8,496.44.
** Real estate firms gained 1.6%, and energy
shares rose 2.9%.
** Coal miners surged 3.4%, tracking gains in
coal futures, buoyed by supply concerns as coal imports from
Mongolia were disrupted by the recent outbreak of the Omicron
** The new energy sub-index, the machinery
sub-index and the defence sub-index
lost about 1.5% each.
** A private survey showed China's factory activity fell
back into contraction in November as subdued demand, shrinking
employment and elevated prices weighed on manufacturers.
** The survey which focuses more on small firms in coastal
regions stood in contrast with those in an official survey on
** Hong Kong shares snapped a three-day losing streak and
jumped the most in six weeks.
** The Hang Seng Tech Index rose 1.1%. Food
delivery company Meituan rebounded from an almost
eight-week low and surged 3.9%, and Tencent Holdings
** However, Alibaba Group extended losses and
dropped 1.5%. The tech giant has lost more than 20% after it
missed quarterly revenue expectations and forecasted a slow
** Financials shares jumped 1.8%, after consecutive
declines in previous three sessions.
** Hong Kong-listed gambling stocks tumbled for
a third day after arrests happened in Macau over alleged links
to cross-border gambling and money laundering.
** Worries over a crackdown in the world's largest gambling
hub grew as embattled gambling group Suncity Group Holdings
has closed all of its VIP gaming rooms in Macau after
its chairman was arrested.
(Reporting by Shanghai Newsroom; Editing by Rashmi Aich)