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Hong Kong Stocks Decline 0.7% in Early Trading

Dow Jones
Jul 31

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Hong Kong slipped during early trading Friday, as the Hang Seng Index dropped 0.7% to 25685.77.

Among local companies with a market cap of at least 40 billion Hong Kong dollars ($5.10 billion), Xiaomi is the biggest early laggard, tumbling 7.5%, followed by shares of Budweiser Brewing APAC, which dropped 4.7%. Shares of Mao Geping Cosmetics fell 4.6%.

Z.AI is the biggest leader this morning, surging 28%, and Shanghai Iluvatar CoreX jumped 21%. MiniMax Group rounds out the top three movers, as shares surged 19%.

The U.S. dollar held steady against the Hong Kong dollar at HK$7.84.

Data source: Dow Jones Market Data, FactSet

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