Hong Kong stocks close 1.04pc lower

HONG KONG: Hong Kong stocks closed 1.04 percent lower on Friday, losing early gains that were driven by advances on Wall Street following stronger-than-expected US economic growth estimates.

The benchmark Hang Seng Index lost 226.15 points to finish at 21,612.39 on turnover of HK$ 112.88 billion ($ 14.55 billion).

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