Hang Seng index closes 0.2% higher

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Source: Dukascopy Bank
© Scanpix/AFP
Hong Kong's Hang Seng index traded modestly higher on Thursday, advancing 0.21% or 45.64 points to 21,353.53. Gains were limited as investors anticipated news Chinese PM rejected policy easing aimed at relaxing country's property markets. Financial and property shares declined, led by China Overseas Land & Investment and China Resources Land which dropped 2.7% and 1.6% respectively. On the upside China Mobile climbed 0.5% after reporting a 5.2% surge in 2011 profit.

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