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Hong Kong, China stocks rise after better-than-expected China factory data signals continued though slow recovery

Hong Kong and China stocks rose after China’s official purchasing managers index (PMI) for June came in slightly better-than-expected, signalling continued slow recovery in the world’s second-largest economy.The Hang Seng Index advanced as much as 1.2 per cent to 24,596.86 in early Tuesday trading, putting it on track to break a three-session losing streak. Communication services and information technology stocks led gains.Index heavyweight Tencent rose as much as 2.9 per cent to briefly hit HK…

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