From BizzBuzz News: 2024-05-18 00:18:04

World shares dipped on Friday, but Chinese stocks rose after new measures to revive the property market were announced. US futures were steady, with Dow Jones near 40,000. European markets saw losses. China’s central bank reduced required down payments and interest rates for home purchases due to economic weakness. Hong Kong and Shanghai saw gains, with property developers like China Evergrande and China Vanke surging. Some fear faster Chinese growth may exacerbate global inflation concerns.



Read more at BizzBuzz News: Most markets across world retreat, China stocks rally