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Hong Kong shares up, Shanghai down after China data

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[HONG KONG] Hong Kong stocks rose Thursday following a better-than-expected report on Chinese factory activity but Shanghai turned lower as the data fuelled fears authorities will now hold off unveiling fresh stimulus.

The Hang Seng Index added 0.81 per cent, or 185.46 points, to close at 23,162.34.

The benchmark Shanghai Composite Index fell 0.72 per cent, or 22.18 points, to 3,063.31 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.76 per cent, or 15.41 points, to 2,017.46.