Hong Kong shares close lower, ease off 7-year highs

April 23, 2015 8:11 AM

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HONG KONG, April 23 (Reuters) - Hong Kong shares ended lower, easing off fresh seven-year highs on Thursday as the market enters a period of consolidation after surging more than 10 percent in the first two weeks of April.

But in a sign of continuing money inflows into the city, the Hong Kong Monetary Authority (HKMA) this week intervened in the currency market again, selling Hong Kong dollars to keep the local currency within its trading band against the U.S. dollar.

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