China’s Stocks Pare Weekly Gain as Property Developers RetreatBy
China’s stocks pared a weekly advance before the start of a gathering of the nation’s leaders on Saturday, as real estate and financial companies declined.
The Shanghai Composite Index fell for the first time in four days, erasing early gains. A gauge of Chinese shares traded in Hong Kong was poised for its biggest weekly advance in nearly two months. Property developers retreated as an official at a government think tank warned about the urgent need to prevent a slump in home prices after a recent rally…
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