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China Stocks Mixed, HK Tech Rises; PBOC Drains ¥1.41T

China’s ChiNext index pared gains to close up 0.43%, while consumer and agricultural stocks strengthened. Hong Kong’s Hang Seng rose 2.1% at midday and the Hang Seng Tech Index gained 2.5%, with MINIMAX jumping over 10% intraday. The PBOC conducted zero reverse repo operations on Friday, net draining ¥1.4115 trillion from the market this week.

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