Hong Kong Stocks Under Pressure, Still Head for Solid Monthly Gain
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Hong Kong stocks fell 1.5%, dropping 412 points to 27,545, ending a seven-session winning streak amid profit-taking and caution ahead of China's January PMI data. The decline was influenced by a drop in U.S. stock futures and a warning from Apple about margin pressures. Despite the drop, Hong Kong equities are on track for a third consecutive weekly gain and a monthly rise of nearly 8%, supported by signs of stabilization in the property market and eased financing constraints for builders.
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