BUZZ-Shanghai HeartCare plunges in HK debut amid regulatory worries

** Shares of medical devices maker Shanghai HeartCare Medical Technology Corp trade as low as HK$127.80 in their debut on Friday, down 33.8% from offer price

** Stock last traded at HK$131, still down 23.4% from the offer price of HK$171

** Shanghai-based group sold 6.6 mln shares in the global offering, raising HK$1.13 bln ($145.1 mln) to fund research and development, manufacturing of core products and expansion of product portfolio

** Hong Kong's healthcare index plunges 8.6% to the lowest since December 2020, as concerns grow the sector could also find itself in regulators' crosshairs

** Shares of Ping An Healthcare plunge 18.4% to HK$55.55, the lowest since January 2020

** Alibaba Health drops 15% to the lowest since January 2020, and JD Health down 13.6% to the lowest since listing on Dec. 8

** The Hang Seng China Enterprises Index falls 2.7% and the benchmark index declines 2.5%

($1 = 7.7897 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))