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Nikkei Markets

Hong Kong shares flat as China GDP pace slows to 29-year low

CSPC jumps on earnings outlook, while Cathay Pacific falls after monthly data

HONG KONG (Nikkei Markets) -- Hong Kong shares were little changed by noon after a choppy morning session on Friday as investors digested China's economic growth numbers, with gains for pharmaceutical companies countered by losses for some heavyweights.

The Hang Seng Index was down 0.04% at 28,879.29 by noon after rising as high as 29,101.50 earlier. Heavyweights diverged, with pan-Asia insurer AIA Group and social media and gaming company Tencent Holdings slipping 1.5% and 0.6%, respectively, while Ping An Insurance Group climbed 1.6%.

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