China Evergrande falls after profit warning, EV unit hits 17-month low

** Shares of China Evergrande Group fall 5.3% to HK$4.32, on course to snap two straight sessions of gains

** Stock is second biggest decliner on both Hang Seng Composite Index tracking properties and construction stocks and Hang Seng China Enterprises Index

** Country's most debt-laden property developer said on Wednesday it expected half-yearly profit to slump as much as 39% to between 9 bln yuan ($1.39 bln) and 10.5 bln yuan

** Says huge drop in net profit is due to losses in the company's property and electric car businesses

** Stock of China Evergrande New Energy Vehicle Group plunge 16.3% to HK$5.33, the lowest since March 2020

** The EV unit is on track for the fourth consecutive session of decline, and is the second biggest percentage decliner on the Hong Kong bourse

** Property management unit Evergrande Property Services falls 3.9% to HK$5.66 on course to snap two consecutive sessions of gains

** The Hong Kong Hang Seng Composite Index tracking properties and construction stocks eases 0.4% and the Hang Seng Composite Index slides 0.3%

** The Hang Seng China Enterprises Index and the benchmark index both slip 0.4%