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Hong Kong: Stocks open 1.08% lower

[HONG KONG] Hong Kong shares tumbled 1.08 per cent at the open Thursday following steep losses on Wall Street and European markets as investors took profits from a recent rally, while slumping oil prices hit energy firms.

The benchmark Hang Seng Index skidded 255.01 points to 23,296.51 in the first few minutes of trade.


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