Hong Kong stocks fell on Thursday, as weaker-than-expected preliminary China manufacturing data from HSBC spooked investors. The Hang Seng Index HK:HSI -1.11% slid 0.7% to 22,510.82. Market heavyweight Tencent Holdings Ltd. HK:700 -2.32% TCTZF -0.09% declined 3.1%, after having gained in the previous session on news that it has acquired a 20% stake in Dianping.com, a Yelp-like local reviews site. Top refiner China Petroleum & Chemical Corporation HK:386 +9.59% SNP +8.65% surged 7.3%, after the company said it plans to sell as much as 30% of its oil retail unit to private investors. Other oil shares also outperformed the market, as Sinopec Shanghai Petrochemical Co. HK:857 +2.39% jumped 5.3%, and China's largest oil and gas producer PetroChina Co. Ltd HK:857 +2.39% PCCYF +2.04% advanced 2.4%. MGM China Holdings Ltd. HK:2282 +4.48% MCHVF +5.40% , the Macau unit of MGM Resorts International MGM +0.74% , jumped 4.2%, after it reported record earnings (EBITDA) of $238 million in 2013, up 35% from a year earlier. On the mainland, the Shanghai Composite Index CN:SHCOMP +0.67% gained 0.7%. Shares of China Petroleum & Chemical Corporation CN:600028 +10.00% were suspended from trading in Shanghai after shooting up by 10%, as the price exceeded limits set by the exchange.
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