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Hong Kong: Shares hit by China data, US rate talk

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[HONG KONG] Hong Kong stocks slipped 0.75 per cent on Wednesday as another batch of poor Chinese economic data added to concerns about a likely US interest rate hike in the summer.

The benchmark Hang Seng Index fell 179.01 points to 23,717.97 on turnover of HK$78.26 billion (US$10.10 billion).

In mainland China, the benchmark Shanghai Composite Index edged up 0.15 per cent, or 4.83 points, to 3,290.90 on turnover of 327.6 billion yuan (US$53.2 billion).

The Shenzhen Composite Index, which tracks stocks on China's second exchange, eased 0.17 per cent, or 2.83 points, to 1,689.15 on turnover of 307.1 billion yuan.

AFP

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