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Hong Kong, Shanghai: Stocks tumble after holiday while Shanghai rises

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[HONG KONG] Hong Kong stocks fell Tuesday as an early rally in energy plays petered out and property firms were hit by news that some Chinese cities had imposed measures to curb real estate price rises.

The Hang Seng Index slipped 1.27 per cent, or 302.30 points, to close at 23,549.52 on the first day of trade after a long weekend.

But the benchmark Shanghai Composite Index rose 0.56 per cent, or 17.11 points, to 3,065.25. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.51 per cent, or 10.31 points, to 2,043.69.


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