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The Hang Seng Index Fell 223 Points for the Day, with Alibaba and Xiaomi Both Dropping More than 6% to Nearly 9%.
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Hong Kong stocks fell for the second consecutive day, with the Hang Seng Index dropping nearly 380 points in the afternoon to a low of 25,121 points before closing at 25,277 points, down 223 points, or nearly 0.9%. Turnover increased to over HK$342.5 billion, marking the second consecutive day with turnover exceeding HK$300 billion. The technology index closed at 4,872 points, down nearly 2.5%. Heavyweight technology stocks were under pressure, …
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