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Hong Kong shares flat in early trade; Approaching key resistance

Dow Jones Newswires ·  Oct 20, 2021 21:54  · Markets

Hong Kong's $Hang Seng Index(800000.HK)$ is flat at 26141.85, and could trade sideways during the session as it nears the 26,560 resistance level, KGI Securities says. 

Investor confidence could remain steady after China's Vice Premier Liu He said the contagion risks from indebted property developer China Evergrande are under control, KGI Securities says. 

$Hopson Development(02916.HK)$'s shares rise 0.9%. Other gainers include $GEELY AUTO(00175.HK)$, up 1.3%, and $ANTA SPORTS(02020.HK)$, which adds 1.2%.

 (yiwei.wong@wsj.com)

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