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Volatile Start

HONG KONG STOCKS

Notable swings in the Hang Seng mark the start to ’23 trade, with participants weighing up economic growth headwinds for China (and the degree of policy support required), slumping property sales in both the Chinese mainland & Hong Kong, worries surrounding the restructuring of property giant Evergrande and the PBoC’s drain of year end-related liquidity provisions. The benchmark index shed over 2.00% in early trade, but now sits 0.4% higher on the day.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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