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Nikkei Markets

Hong Kong stocks reverse gains amid profit and trade worries

Sinopec tumbles after report that it has suspended top officials at a unit

HONG KONG (Nikkei Markets) -- Hong Kong stocks ended lower after a volatile trading session on Thursday, with Chinese companies leading declines after data raised concerns about their profit growth.

The benchmark Hang Seng Index fell 0.7% to 25,478.88, well off its intraday high of 25,920.63, as trading resumed after a two-day holiday. Insurance majors Ping An Insurance Group and AIA Group retreated 1.4% and 0.5%, respectively. The Hang Seng China Enterprises Index of large mainland companies listed in the city dropped 0.7%, while the Shanghai Composite Index lost 0.6%.

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