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Hong Kong stocks sink as oil rout hits energy firms, Shanghai lower

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[HONG KONG] Energy firms dragged Hong Kong and Shanghai stocks lower Thursday following a plunge in oil prices, while another surge in factory gate prices was offset by persistently weak consumer inflation figures.

The Hang Seng Index fell 1.18 per cent, or 280.71 points, to close at 23,501.56.

The benchmark Shanghai Composite Index lost 0.74 per cent, or 23.91 points, to 3,216.75 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, decreased 0.73 per cent, or 14.73 points, to 2,009.55.


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