HK stocks lower in early trade, property hit

Newswire

(Adds quote, details) HONG KONG, Aug 29 (Reuters) - Hong Kong stocks opened lower on Thursday with blue chips down across the board after Wall Street fell on corporate earnings downgrades. Property stocks continued to draw selling on concern that price discounting will accelerate in the next few months as more new flats are readied for sale, while the tech sector was hurt by more downbeat forecasts from the United States. The Hang Seng Index was down 1.12 percent, or 113.45 points, at ...

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