China stocks falter on return from holiday on Evergrande contagion fears
SHANGHAI, Sept 22 (Reuters) - China stocks opened sharply lower on their return from a public holiday, playing catch-up with global markets which were roiled at the start of the week by fears of a messy collapse of cash-strapped Chinese developer Evergrande Group 3333.HK .
Both the CSI300 index .CSI300 and the Shanghai Composite Index .SSEC lost more than 1% in opening deals on Wednesday.
The CSI300 Real Estate index .CSI000952 started nearly 2% lower, but recouped losses in early trading. The CSI300 Banking Index .CSI000951 fell nearly 3%.
Evergrande's Hong Kong-listed shares tumbled over 10% during the first two days of the week, when mainland markets were closed for the mid-Autumn Festival. Fears of spillover effect knocked property and banking shares and roiled global markets.
The Hong Kong market was shut on Wednesday for a public holiday.
Reporting by Shanghai Newsroom Editing by Shri Navaratnam
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