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Nikkei Markets

Hong Kong shares flat as Sino-American tariff deadline looms

Automakers advance as China's State Council mulls ways to boost consumption

HONG KONG (Nikkei Markets) -- Hong Kong shares were little changed after a choppy morning session on Wednesday, as investors appeared to be on the sidelines ahead of an impending escalation in the U.S.-China tariff war.

The Hang Seng Index was unchanged at 25,665.51 by noon after trading in a 225-point range through the session. The gauge changed directions at least 10 times. Thirty-one of the index's 50 constituents traded higher by the lunch break, with China Mengniu Dairy rising 3.6% to lead gains ahead of its first-half results. Among decliners, drugmakers CSPC Pharmaceutical Group and Sino Biopharmaceutical shed 4.7% and 2.6%, respectively.

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