Hang Seng Turns Early Gains to End Lower
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The Hang Seng Index fell 76 points, or 0.3%, to close at 26,924, marking its first decline in five sessions. The drop was influenced by a third consecutive day of losses in mainland stocks and tightening margin requirements by Chinese regulators. Notable declines were seen in tech and consumer shares, with Trip.com plunging 18.7% due to an antitrust probe, while Alibaba Hong Kong slipped 2.1%. Overall, risk appetite diminished following losses on Wall Street and ahead of key economic data next week.
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