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Shares in Hong Kong's New World Development plunge after loss estimate

Shares in Hong Kong's New World Development plunge after loss estimate

Hong Kong SAR. Photo by Andrew Jephson on Unsplash

Shares in major Hong Kong property developer New World Development plunged 13% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the financial year that ended in June.

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