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24.05.201301:42:57UTC+00Hong Kong stocks bounce back; Lenovo, ICBC advance

Hong Kong stocks pick up the pace again on early Friday action; on bargain purchasing after sharp losses in the past session, with Lenovo Group Ltd. extending gains after solid annual results and most financial stocks rising as Japanese and mainland Chinese shares moved forward. The Hang Seng Index bolstered 0.4% to 22,757.78, after suffering three straight days of declines, including a 2.5% retreat Thursday. The Hang Seng China Enterprises Index acquired 0.6% to 10,805.31. Shares of Lenovo push 3.7% higher, on top of the 2.9% advance Thursday. Shares of Industrial & Commercial Bank of China Ltd. traded 0.7% higher and Bank of China Ltd. boost 0.8% among banks, with China's Shanghai Composite producing 0.5% to 2,285.98.

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