Hong Kong stocks extend gains, cheered by Shanghai’s property easing moves

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Shanghai announced cuts to the down-payment ratio, mortgage rates and offered subsidies to homebuyers and allowed multi-child families to buy one more home Hua Hong Semiconductors shares jump after Beijing unveiled a US$47.5 billion investment plan towards achieving self-sufficiency in the chip sector Hong Kong stocks rose for a second day as easing of restrictions in home purchases in Shanghai spurred optimism about a recovery in China’s…

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