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Key News
Asian equities were mixed overnight on light news.
Hong Kong and Mainland China eased off morning gains in the afternoon. Real estate was a top sector in both Hong Kong and Mainland China after several financial regulators met with real estate developers in order to support the sector following last week’s Central Financial Work Conference. Rumors that Ping An (2315 HK) would take a stake in distressed developer Country Garden (locally known as Cogard) sent the insurance company -5.41% in Hong Kong despite denying the rumor.
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