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Nikkei Markets

Hong Kong stocks trade flat after US stimulus-driven gains

China Life rises after results, while Beigene falls as authority suspends drug

HONG KONG (Nikkei Markets) -- Hong Kong stocks were little changed on Thursday after being spurred by U.S. economic stimulus over the previous two days, with investors still cautious over the impact of the new coronavirus on the world.

The Hang Seng Index was flat at 23,527.82 by noon. U.K.-headquartered lender HSBC Holdings slid 1.5%, while diversified Chinese conglomerate CITIC shed 2.8%. China Life Insurance added 1.2% after saying its 2019 net profit more than quintupled from the year before.

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