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Tech stocks drag Hong Kong shares lower on US rate hike concerns

By REUTERS

Hong Kong shares ended lower on Friday, dragged down by tech giants on bets of more aggressive US interest rate hikes after red-hot inflation data, while gains in financial stocks limited losses.

The Hang Seng index fell 0.1% to 24,906.66, while the China Enterprises Index lost 0.1% to 8,784.39.

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