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Buy-the-Dip Helps Lift Stocks in Hong Kong as Trade Threat Grows

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Value hunters tempted by recent declines looked to equities in Hong Kong on Friday, after the city’s ties to the world’s two largest economies bruised its markets this week.

The Hang Seng Index closed up 1.1 percent, recovering about half of its losses from Wednesday, its last session. The gauge, which trades near its lowest price-to-earnings multiple since 2016, finished the holiday-shortened week with a 0.8 percent decline. A measure of mostly Chinese companies trading in the city rose 0.9 percent on Friday, rebounding from its lowest level of the year. That trimmed its weekly loss to 0.3 percent.