Economics
Hong Kong Stocks Close Little Changed After Weekly Gain
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Hong Kong’s benchmark stock index closed little changed, trading near the highest level since December, as casinos dropped and Chinese developers advanced.
Sands China Ltd. dropped 2 percent, the biggest decline on the Hang Seng Index, after capping its largest weekly gain in three months. Li Ning Co. tumbled 8.6 percent after Bank of America Corp.’s Merrill Lynch said the sportswear maker may report a first-half loss. China Resources Land Ltd. and China Overseas Land & Investment Ltd. climbed at least 1.6 percent, pacing gains among developers, on speculation some Chinese cities will ease property curbs.