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Orders from both sides of Hong Kong-Shanghai linkup fall

Day-two orders from both sides of the Hong Kong-Shanghai Stock Connect came up short after a relatively successful launch day, The Wall Street Journal reported. Only 38% of the US$2.1 billion daily quota for global investment in Shanghai stocks was used Tuesday after being exhausted by early afternoon on Monday, while only 7% of the quota for mainland investment in Hong Kong stocks was used, down from 17% the day before. Stock markets in both cities fell, reversing some of the gains made since the program was announced in April.

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