China stocks end higher, led by property shares
Updates to market close
SHANGHAI, Sept 18 (Reuters) -China stocks closed up on Wednesday, reopening after the Mid-Autumn Festival holiday, as gains in property and financial shares offset losses in consumer-related stocks.
The Hong Kong market is closed for a holiday.
** The blue-chip CSI 300 Index .CSI300 ended higher by 0.4%, while the Shanghai Composite Index .SSEC rose 0.5% before dropping below the psychologically important 2,700 level.
** Thefinancial sector sub-index .CSI300FS and the real estate index .CSI000952 were up1.1% and 2.4%, respectively, whilethe consumer staples sector .CSI000912 fell 2.1%.
** Liquor shares continued to decline, reflecting weak domestic demand, with Kweichow Moutai 600519.SS down 2.8% at the lowest level in more than four years.
** China's announcement to join the global push towards raising the retirement age also acted as a drag on sentiment.
** The smaller Shenzhen index .SZSC ended down 0.35% and the start-up board ChiNext Composite index .CNT was weaker by 0.11%.
** Around the region, MSCI's Asia ex-Japan stock index .MIAPJ0000PUS was weaker by 0.13%, while Japan's Nikkei index .N225 closed up 0.49%.
** At 0703 GMT, the yuan CNY=CFXS was quoted at 7.0959 per U.S. dollar, almost unchanged fromthe previous close of 7.0958.
** Globally, market participants await theFederal Reserve's interest rate decision, which couldaffect sentiment and volatility in Hong Kong and China stocks.
Reporting by Shanghai Newsroom; Editing by Varun H K
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