Shanghai stocks fall as coal shares drag; Hong Kong rebounds

** 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.

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 stabilize 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 crisis.

** 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 the 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 Seng Index.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)