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2013.06.0705:32:25UTC+00Hong Kong stocks retreat before U.S. jobs, China data

Hong Kong stocks opened to mild declines on Friday on caution ahead of the U.S. nonfarm payrolls data, with heavyweight HSBC Holdings PLC losing stability, while mild gains for mainland Chinese equities helped aid several beaten-down shares. The Hang Seng Index gave up 0.1% to 21,813.50 and the Hang Seng China Enterprises Index missed 0.3% to 10,327.84. Shares of HSBC surrendered 0.9% and Hong Kong Exchanges & Clearing Ltd. skidded 0.3%. On the upside, China Coal Energy Co. bolstered 2%, insurer AIA Group Ltd. advanced 0.8% and China Unicom Hong Kong Ltd. recorded a 1.7% gain. After declining for six straight sessions, the Shanghai Composite inched up 0.1% ahead of a slew of economic data due to be released over the weekend, including the monthly trade and inflation figures.

 

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