Hang Seng Index displayed outside Dah Sing Bank in Central on 20 April 2021. Photo: Dickson Lee
Hang Seng Index displayed outside Dah Sing Bank in Central on 20 April 2021. Photo: Dickson Lee

China stocks dip after data shows economy’s contraction, while cuts in mortgage rates boost property developers in Hong Kong

  • Shanghai Composite Index drops 0.3 per cent while Hang Seng Index rises 0.3 per cent as property developers such as Country Garden and Longfor Group rallied
  • Both Chinese industrial production and retail sales contracted last month

Hang Seng Index displayed outside Dah Sing Bank in Central on 20 April 2021. Photo: Dickson Lee
Hang Seng Index displayed outside Dah Sing Bank in Central on 20 April 2021. Photo: Dickson Lee
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