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China stocks diverge as Xi's business outreach fuels tech surge

SHANGHAI/HONG KONG — Investors pumped more capital into Chinese tech stocks on Tuesday, boosting the Hong Kong market where many of the top companies are listed while sending benchmark mainland indexes lower.

Hong Kong’s Hang Seng Index rose 1.6%, hitting a fresh four-month high. Gaming and social media company Tencent Holdings climbed 2% while e-commerce conglomerate Alibaba Group Holding gained 3% and electronics maker Xiaomi jumped 7%.

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