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Hong Kong shares were flat on Wednesday, balancing between Greece downgrade and expectations for easing measures from the ECB and Fed. On Tuesday, Standard & Poor's lowered Greece's outlook from stable to negative. Market participants were also cautious ahead of key China's data due on Thursday. Hang Seng Index closed 0.04% lower at 20,065.52. Resources stocks provided strong support for Chinese equity index. China Resources climbed 1.29%. On the downside were consumer goods and services. The worst performer was Esprit that plunged 12.2% after previous rally. Retailing industry was mixed with Belle International sliding 2.53% and Golden Eagle rising 1.25%. Meanwhile, Cathay Pacific Air came under heavy pressure after posting an unexpected net loss in Q2.