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JUL 11, 2013 - MarketWatch

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Hong Kong, Shanghai stocks pull back after rally

HONG KONG (MarketWatch) -- Hong Kong and mainland Chinese stocks fell Friday to give back some of the hefty gains they recorded the previous day, with financials and some consumer-product firms losing ground. The Hang Seng Index fell 0.3% and the Hang Seng China Enterprises Index dropped 0.4%. Shares of Industrial & Commercial Bank of China Ltd. dropped 0.8%, Ping An Insurance Group Co. declined 1.1% and foods company Tingyi (Cayman Islands) Holding Corp. lost 1.7%. The Shanghai Composite eased 0.3% after a three-day winning streak that included a 3.2% jump on Thursday.Market Pulse ... Read More

Tags: Hong Kong, Shanghai stocks pull back after rally,  Ping An Insurance Latest News