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The Hang Seng Index closed 0.4 per cent lower at 26,086.32 on Thursday, trimming a decline of as much as 1.2 per cent. The Hang Seng Tech Index slipped 0.2 per cent.
A rebound in mainland stocks helped to ease the selling pressure in the city. The CSI 300 Index climbed 2.3 per cent and the Shanghai Composite Index added 1.7 per cent. Both gauges posted the biggest gains since March 14. The Star Market 50 index of stocks on Shanghai exchange’s tech board surged 5.3 per cent, recovering all the loss from a major sell-off last week.
The Trump administration has been discussing severe restrictions on medicines from China, The New York Times reported on Wednesday, citing a draft executive order that threatened to cut off the pipeline of Chinese-invented experimental treatments.
