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The Hang Seng Index dropped 1.23 percent, or 389.05 points, to close at 31,152.03, having risen more than five percent during its recent surge.
The benchmark Shanghai Composite Index added 0.57 percent, or 18.09 points, to 3,192.12 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, was up 0.91 percent, or 16.63 points, to 1,839.88.