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Hong Kong: Stocks close 1.12% lower

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[HONG KONG] Hong Kong shares slipped 1.12 per cent on Tuesday after a two-day rally as investors took their lead from a sell-off in New York, with Greece's stuttering bailout reform talks fuelling nervousness.

Hong Kong's benchmark Hang Seng Index eased 311.02 points to 27,407.18 on turnover of HK$136.42 billion (US$17.60 billion).

But in mainland China the benchmark Shanghai Composite Index rose 1.56 per cent, or 67.64 points, to 4,401.22 on turnover of 793.5 billion yuan (US$129.8 billion).

The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 2.19 per cent, or 51.98 points, to 2,425.90 on turnover of 720.8 billion yuan.

AFP