Home sales in Beijing were way down on the same period in previous years. Photo: Reuters

‘Golden week’ property sales plunge in major Chinese cities amid slowing economy, tight mortgage conditions

  • Sales of new homes in Beijing dropped to their lowest level since 2014 during the week following the National Day holiday
  • The seven-day holiday is traditionally a peak period for home sales
Topic |   China property

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Home sales in Beijing were way down on the same period in previous years. Photo: Reuters
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Mainland Chinese developers and hardware companies were the day’s biggest gainers in Hong Kong on Friday. Photo: AFP

Utilities, property heavyweights drag Hang Seng Index to one-month low

  • Markets recover slightly after Hong Kong leader says city not in state of emergency
  • Budweiser rises 3 per cent, ends debut trading week with market cap of HK$403 billion
Topic |   Stocks

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Mainland Chinese developers and hardware companies were the day’s biggest gainers in Hong Kong on Friday. Photo: AFP
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