(Adds close, comment, detail) By Sophie Taylor HONG KONG, Nov 26 (Reuters) - Hong Kong stocks closed 0.23 percent lower on Friday, after a rally in steel stocks and with investors looking ahead to a string of local IPOs and Hong Kong's third quarter gross domestic product data which came out after market close. The blue-chip Hang Seng Index closed down 31.58 points at 13,895.03, but gained 0.78 percent over the week. "The market does not have much direction right now -- people are ...
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