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Stocks Blog: Mixed day for equities in Hong Kong and China as developers lead Hang Seng higher

  • China Resources Land and New World Development rise at least 2 per cent   
  • Investors resort to profit-taking on the mainland ahead of week-long holiday 
Topic |   Stocks Blog
The corporate flag for Hong Kong Exchanges & Clearing (HKEX) and the Chinese flag fly outside the Exchange Square complex. Photo: Bloomberg
INTRODUCTION

After a strong start to the day, Chinese equities were unable to maintain momentum as caution prevailed among investors. The initial momentum provided by Trump's trade comment faded and the Shanghai Composite eventually closed nearly 1 per cent lower.

The Hang Seng, however, held on to its gains and moved up briskly in the last hour or so. 

That's all from us today.  

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-- Zhang Shidong in Shanghai  and Srinivasan Iyer in Hong Kong