Hong Kong stocks rose in early trading Friday, with the Hang Seng Index HK:HSI +0.78% up 0.4% at 21,505.21. Chinese developers were mixed, as a state-run newspaper reported sluggish property-market activity in China's largest cities during the Lunar New Year holiday amid worries that the government may further tighten controls to cool real estate prices. Beijing North Star Co. Ltd. HK:588 0.00% dropped 0.6%, China Overseas Land & Investment Ltd. HK:688 +0.74% CAOVF -2.55% lost 0.5%, and China Resources Land Ltd.
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