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Hong Kong: Stocks end 0.22% lower, Shanghai slumps

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[HONG KONG] Hong Kong shares slipped 0.22 per cent on Thursday, tracking losses across the region despite the US Federal Reserve saying any rate rises would be gradual, while Shanghai tumbled on liquidity concerns.

The benchmark Hang Seng Index lost 59.13 points to 26,694.66 on turnover of HK$106.20 billion (US$13.70 billion).

In mainland China the benchmark Shanghai Composite Index slumped 3.67 per cent, or 182.54 points, to 4,785.36 on turnover of 785.8 billion yuan (US$128.6 billion).

The Shenzhen Composite Index, which tracks stocks on China's second exchange, plunged 3.57 per cent, or 107.80 points, to 2,913.60 on turnover of 675.4 billion yuan.

AFP