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Semiconductors lift China stocks; Hong Kong falls as Alibaba weighs
HONG KONG: China stocks inched higher on Thursday, buoyed by semiconductor gains, while Hong Kong shares extended losses as heavyweights Alibaba and CK Hutchison weighed. China’s blue-chip CSI300 Index edged up 0.1% by the lunch break, while the Shanghai Composite Index rose 0.2%. Hong Kong’s benchmark Hang Seng was down 0.9%. Alibaba Group dropped 5% by midday after the tech and e-commerce giant said it is pushing ahead with the spin-off of its chip business T-Head, dragging the Hang Seng Tech down 1.4%. The sell-off also comes amid muted expectations for this year’s Singles’ Day shopping f...
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