Hong Kong shares fall as Evergrande missing interest payment sparks jitters
* Hang Seng index ends down 1.3%
* China Enterprises index HSCE falls 1.47%
* Property sector slumps 2.28% on Evergrande concern
SHANGHAI, Sept 24 (Reuters) – Hong Kong shares ended lower on Friday, dragged down by broad losses across sectors, as global investors fretted over the impact of a missed bond interest payment by debt-laden developer China Evergrande.
** At the close of trade, the Hang Seng index was down 318.82 points, or 1.3%, at 24,192.16. The Hang Seng China Enterprises index fell 1.47% to 8,604.99. ** The energy sub-index dipped 1.7%, the IT sector dipped 1.12%, the financial sector ended 0.9% lower and the property sector slumped 2.28%. ** Property sector shares were hit after a bond interest payment deadline for heavily indebted developer China Evergrande Group expired on Thursday, with bondholders reporting they had not been paid. ** China Evergrande’s shares tanked 11.61%, making it the biggest percentage decliner among H-shares. ** China Evergrande New Energy Vehicle Group dived 23.37% and Evergrande Property Services Group fell 4.42%.
** China’s main Shanghai Composite index closed down 0.8% at 3,613.07, while the blue-chip CSI300 index ended down 0.08%. ** Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.5%, while Japan’s Nikkei index closed up 2.06%. ** The yuan was quoted at 6.4647 per U.S. dollar at 08:10 UTC, 0.07% weaker than the previous close of 6.46. ** At close, China’s A-shares were trading at a premium of 46.54% over Hong Kong-listed H-shares. (Reporting by Andrew Galbraith; editing by Rashmi Aich)