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Nikkei Asia300 index edges higher for week as technology stocks advance

HONG KONG (Nikkei Markets) -- Asian shares outside of Japan rose this week, as heavyweight Tencent Holdings led a rally in technology stocks. Gains were also supported by China's second-quarter growth exceeding estimates.

The Nikkei Asia300 index slipped 0.2% to 1,284.16 on Friday, but still managed a 0.8% advance this week. H-shares of China Merchants Port Holdings jumped 11% in the week after saying that it expects an increase of at least 50% in first-half net profit. Hong Kong-listed shares of ZTE Corp. have risen 8.3% since last Friday after the telecom equipment maker said first-half profit rose 30%. On Friday, China Merchants rose 1.8%, while ZTE slipped 2.4%. The country index for China fell 0.2% on Friday, trimming its advance this week to 1.5%.

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