China and Hong Kong stocks rise, driven by property shares due to eased home purchase restrictions.
China and Hong Kong stocks rise, propelled by property shares due to major cities easing home purchase restrictions and anticipation of more easing measures. Chinese property developers in both markets see a 6.9% and 4.3% boost by midday Monday. However, China's industrial profits decline in March compared to the first two months, casting doubt on the strength of the economy's recovery.
April 29, 2024
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