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Hong Kong shares flatten in cautious trade amid overseas deal scrutiny

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Shanghai's Pudong financial district   © Reuters

HONG KONG (Nikkei Markets) -- Hong Kong stocks wavered in cautious trading Friday, with extended losses for mainland equities weighing on sentiment as investors considered news Chinese lenders had been asked to look into risks stemming from overseas acquisitions by certain companies.

The Hang Seng Index added less than 0.1% to 25,687.10 after briefly declining earlier in the day. China Unicom Hong Kong climbed 2.6% and was the top gainer on the gauge after Reuters reported, citing sources, that Alibaba Group Holding and Tencent Holdings will lead a $10 billion capital injection into group company China United Network Communications. Tencent fell 0.1% Friday. Alibaba lost 0.7% in U.S. trading overnight.

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