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Tech companies lead Hong Kong stocks lower after Nasdaq slump

Insurers extend losses; casino shares pull back ahead of Macau gaming numbers

HONG KONG (Nikkei Markets) -- Hong Kong shares headed for a fourth day of losses on Thursday, led by heavyweight internet major Tencent Holdings and Apple-supplier AAC Technologies Holdings, following a sell-off in U.S. technology stocks overnight.

The Hang Seng Index had fallen 1.3% to 29,245.91 by noon, poised for its longest losing streak since June. It had declined as much as 1.6% earlier in the morning. Tencent was down 2.3% by midday on Thursday, extending the previous day's 1.8% drop, while AAC Technologies shed 4.4% after the technology-heavy Nasdaq Composite suffered its worst decline in more than three months overnight, closing 1.3% lower.

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