Hong Kong stocks rise on energy boost; concerns over China property cloud

** Chinese property and related sectors were under pressure following news of Fantasia's unit failing to repay loan, while regulatory concerns kept investors away from tech stocks amid low risk appetite when China was on holiday, brokers said ** The Hang Seng Tech Index slid 0.3%, while the financial sector ended 0.9% higher

Hong Kong stocks rose on Tuesday as energy firms gained on the back of stronger crude oil prices, while Chinese property and related shares remained subdued on mounting worries over the debt crisis of China Evergrande Group. ** The Hang Seng Index rose 0.3% to 24,104.15, while the China Enterprises Index gained 0.1% to 8,515.55.

** Mainland Chinese markets were closed for a public holiday. ** Energy firms PetroChina jumped 7.6%, CNOOC surged 2.5% and Sinopec Corp gained 2.4% as crude oil prices rose to their highest levels in at least three years.

** China's banking regulator said on Tuesday lenders including policy banks must ensure the financing needs of the coal and power sectors are met so that consumer heating during winter is not affected. ** Yanzhou Coal, China Shenhua and China Coal rose between 2.4% and 5.4%, sending energy index to end 3.6% higher

** Worries about rising debt defaults by Chinese property developers sapped investor sentiment on Tuesday amid fresh credit rating downgrades and uncertainty about the fate of China Evergrande Group as it scrambles to raise cash by selling assets. ** Chinese property manager Country Garden Services Holdings said on Monday a Fantasia Holdings unit failed to repay a 700 million yuan ($108 million) loan due on Oct. 4 ** That prompted shares of its parent firm Country Garden Holdings to drop 2.8%, while smaller rival Sunac China plunged 10.1%.

** The blue chip property sub-index eased 0.8% and the mainland property sub-index lost 3.5%. ** Chinese property and related sectors were under pressure following news of Fantasia's unit failing to repay loan, while regulatory concerns kept investors away from tech stocks amid low risk appetite when China was on holiday, brokers said

** The Hang Seng Tech Index slid 0.3%, while the financial sector ended 0.9% higher

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