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China stocks close unchanged amid declines in health sector

China stocks close unchanged amid declines in health sector

BEIJING / SHANGHAI (Reuters) - Chinese stocks closed almost flat on Wednesday after rising real estate stocks offset declines in healthcare.

The real estate index is up 0.96%, while the healthcare sector is down 0.42%.

The Shanghai Composite Index fell 0.07% to 3.449.38 points, while the "blue chips" CSI300 closed unchanged at 5.067.14 points.

The financial sector sub-index declines 0.29%, while the consumer goods sector adds 0.32%.

ChiNext Composite Startup Index Down 0.57%.

The rise was led by shares of Xining Special Steel Co Ltd, Guangdong Guanhao High-Tech Co Ltd and Baotou Huazi Industry Co Ltd, which gained 10.15%, 10.12% and 10.08% respectively..

The drop leaders were Changzhou Langbo Sealing Technologies Co Ltd, Dalian Sunasia Tourism Holding Co Ltd and Fujian Kuncai Material Technology Co Ltd, which lost 10%, 9.99% and 8.79%, respectively.

The Hong Kong index fell 0.13% to 26.532.58 points, while the Hang Seng China Enterprises index fell 0.81% to 10.573.79 points.

Business activity in China's manufacturing sector accelerated growth in November at the fastest pace in 10 years, underpinning the return of the world's second economy to pre-pandemic levels, a private study showed..

At the same time, President-elect Joe Biden said he would not immediately take steps to abolish "first phase" trade agreement that President Donald Trump signed with China, writes The New York Times.

(Cheng Leung, Luoyang Liu and Andrew Galbraif. Translated by Caleb Davis. Editor Anna Kozlova)

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