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Yuan depreciation, US rate hike seen hurting appeal of HK stocks

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The role of local shares as a haven in the China selloff made the MSCI Hong Kong Index the most expensive since November relative to the measure of mainland stocks. is pic fr nica .

Hong Kong

HONG KONG investors who sought shelter from China's rout in local shares say the clock is running out on that trade.

While a gauge of Hong Kong stocks has fallen since the end of April, the decline is less than half that of a measure of Chinese shares listed in the city.