Hang Seng Pares Early Losses at Close
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The Hang Seng Index fell 76 points (0.3%) to close at 26,487, marking its lowest level in a week. The decline was influenced by a drop in U.S. futures due to President Trump's actions regarding Greenland and potential new tariffs on Europe. Additionally, regulatory crackdowns in China heightened caution among investors. However, losses were mitigated after the People's Bank of China maintained benchmark lending rates. Tech and consumer stocks led the declines, while China Taiping Insurance rose 4% on a strong earnings outlook.
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