SHANGHAI, Sept 17 (Reuters) - Shanghai stocks fell on
Friday, with coal companies leading the declines, while China's
blue-chips edged higher. The Hong Kong market rebounded, led by
tech and healthcare shares.
The CSI300 index rose 0.3% to 4,820.76 at the end
of the morning session, while the Shanghai Composite Index
lost 0.6% to 3,585.71.
The Hang Seng index added 0.4% to 24,765.45. The Hong
Kong China Enterprises Index gained 0.9% to 8,885.08.
** A sub-index tracking coal stocks plunged 7%,
their biggest daily decline since February 2020.
** China's leading coal industry associations called on top
miners on Thursday to ensure thermal coal supplies to help
stabilise surging prices, at a time when the country's
environment ministry said China plans to include more cities in
its 2021 winter air pollution campaign.
** Investors bought the dips in the battered real estate
sector, which rebounded 2% after falling for three
straight sessions on China Evergrande Group's debt
** Goldman Sachs, JPMorgan warned Evergrande's crisis could
pose spillover risks to the broader Chinese property sector.
** The healthcare sub-index and the consumer
staples gained 3.4% and 1.6%, respectively.
** In Hong Kong, the benchmark rebounded after
posting its lowest close in 10 months the day before, as the
saga around China Evergrande Group lurched towards a
conclusion, unsettling investors.
** Shares of Evergrande extended falls for the fifth
consecutive session, slumping 11.8% to HK$2.32, their lowest in
nearly ten years.
** The Hang Seng Property Index and the Hang Seng
Finance Index went down 0.9% and 1.5%, respectively.
** The Hang Seng Tech Index jumped 2.9% after
losing 1% in previous session. Internet giants Tencent Holdings
, Alibaba Group, and Meituan gained
2.2%, 1.7%, and 3.7%, respectively.
** The healthcare sub-index surged 4.2%, and
Alibaba Health Information Technology and Wuxi
Biologics are the top two daily gainers on the Hang
(Reporting by Shanghai Newsroom)