Hong Kong Stocks Fall After 2-Day Gains
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Hong Kong stocks fell 1.0% to 25,826 points, reversing gains from the previous two days. The decline was driven by broad-based sector losses and concerns over upcoming policy events in China. Weak private survey data on China's services sector added to the negative sentiment. Losses were limited by optimism over potential Fed interest rate cuts. Notable decliners included XPeng, PICC Property & Casualty, Henderson Land Development, and Tencent Holdings.
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