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Hong Kong: Shares close up slightly as investors remain cautious

Thursday, June 2, 2016 - 16:15
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[HONG KONG] Hong Kong shares rose slightly on Thursday, as investors continued to worry about China's economic health and the impact of a looming US interest rate hike.

The Hang Seng index rose 0.5 per cent, to 20,859.22, while the China Enterprises Index gained 0.6 per cent, to 8,756.38 points.

Most sectors rose, but IT shares fell more than 1 per cent.

Shares of Tsui Wah Holdings Ltd fell as much as 6 per cent at one point, touching three-month lows, after the restaurant chain operator warned of a drop in annual profit.

The stock recouped losses and ended the session flat.

Shares of Chinese personal computer maker Lenovo Group Ltd fell to 4-1/2-year lows in heavy trading, after Google Inc's up to US$221 million share sell-off.

REUTERS