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Hong Kong stocks tepid after China PMI; H-shares drop 1 pct
January 2, 2014 / 8:12 AM / in 4 years

Hong Kong stocks tepid after China PMI; H-shares drop 1 pct

HONG KONG, Jan 2 (Reuters) - Hong Kong shares eked out a slight gain on Thursday, in spite of falls by Chinese financial and energy firms after China’s official and private manufacturing surveys both signalled slower growth in the world’s second-largest economy.

The Hang Seng Index edged up 0.1 percent at 23,340.05 points, while the China Enterprises Index of the top Chinese listings in Hong Kong fell 1 percent to its lowest since Dec. 23.

In Hong Kong, China Coal Energy Co Ltd tumbled 4.1 percent to a four-month low. China Shenhua Energy Co Ltd shed 2.3 percent, its worst day in three weeks.

The final HSBC/Markit manufacturing Purchasing Managers’ Index (PMI) slipped to a three-month low at 50.5 in December from November’s 50.8, while the official December figure dipped to a four-month low at 51.0.

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