Hong Kong, China shares bounce on chip rally, potential state support

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Hong Kong and China stocks rebounded on Friday, led by chipmakers and potential state fund buying.
Hang Seng Index rose over 2%, tech subindex jumped 3%; Hua Hong surged 20%.
Mainland indexes also reversed losses; CSI Semiconductor Index gained 4%.
Despite the rally, Hang Seng still faces a weekly loss of 7.7%.

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