Hong Kong, Shanghai stand out in Asia on China property support

Hong Kong (AFP) May 17, 2024

Hong Kong and Shanghai stocks rallied Friday after China unveiled its most wide-ranging measures to support the country's battered property sector, sending real estate firms soaring. The move provided some hope for the world's number two economy, which has been dragged by a long-running debt crisis among major developers. However, the news was not enough to lift the rest of Asia, which w