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China, HK stocks drop on COVID outbreaks, geopolitical risks

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Chinese and Hong Kong shares fell on Wednesday, as concerns grew about rising COVID-19 cases in China, while market participants assessed risks after a blast in Poland stoked worries of an escalation of the Russia-Ukraine war. ** China’s benchmark CSI300 Index fell 0.4% by the lunch break, while the Shanghai Composite Index lost 0.2%. Hong Kong’s Hang Seng Index declined 1.1%.

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