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Hong Kong stocks slide to five-month low on China cash-squeeze concerns

HONG KONG (NewsRise) -- Hong Kong shares slid for a fourth straight day as concerns over rising bond yields and a cash-squeeze in China's interbank money markets weighed down mainland companies.

The Hang Seng Index fell 0.5% on Tuesday to 21,729.06, touching a five-month low. The gauge's 14-day relative strength index, a technical measure of how rapidly prices have risen or dropped, fell below 30 for the first time since January, signaling oversold conditions. China Construction Bank (CCB) lost 0.9% to HK$5.47 and Bank of China (BOC) slid 1.2% to HK$3.38, dragging down the 50-stock index.

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