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** Shares of China's electrical appliances retail chain operator GOME Retail Holdings Ltd rise 12.1% to HK$1.02, on course for the best day Feb. 25

** Stock hit the highest since July 2, extending gains for the third straight session; it's the top gainer in the Hang Seng Composite Index and the seventh biggest gainer on the Hong Kong bourse

** GOME says its unit has teamed up with a subsidiary of state-owned Shenzhen Investment Holdings Co Ltd and Eternal Asia Supply Chain Management Ltd for the formation of a commodity supply chain sharing centre, retail platform and smart production chain centered around the Bay Area

** Shenzhen shares of Eternal Asia rise 5.1%

** The Hong Kong Hang Seng Commerce & Industry Index slips 0.7% and the Hang Seng consumer goods and services index eases 0.8%

** The Hang Seng Composite Index slides 0.7%

** Both the Hang Seng China Enterprises Index and the benchmark index eases 0.8%

** As of last close, stock of Beijing-based GOME had slid 2.2% this year