Hong Kong stocks slip, Tencent steadies and rises again

July 6 (Reuters) – Hong Kong stocks followed most Asian
markets lower, after minutes from the Federal Reserve’s last
meeting showed a lack of consensus on the pace of U.S. future
interest rate increases.

The Hang Seng index fell 0.2 percent, to 25,465.22,
while the China Enterprises Index lost 0.3 percent, to
10,346.32 points.

Sector performance was mixed. Gains were led by consumer
and industrial stocks, and losses were seen
in telecommunications and energy firms.

Shares in Tencent Holdings rose for a second day
and steadied after volatile trade the past two sessions. The
stock, which lost 4.1 percent on Tuesday, gained 0.3 percent on
Thursday.

The gaming and social media firm said it would limit play
time for some young users of its top-grossing mobile game,
responding to criticism that Chinese children were getting
addicted.

The index measuring price differences between dual-listed
companies in Shanghai and Hong Kong stood at 127.84.

A value above 100 indicates Shanghai shares are pricing at a
premium to shares in the same company trading in Hong Kong, and
vice versa.
(Reporting by the Shanghai Newsroom; Editing by Richard Borsuk)

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