A person walks in front of an electronic stock board showing Japan's Nikkei and New York Dow indexes at a securities firm Friday, May 24, 2024, in Tokyo.
He said the central bank was unlikely to be able to raise its key rate, much more after it hiked it to a range of zero to 0.1% from minus 0.1% in March. Shares in China Vanke, a major developer, dropped 6%, as did Hong Kong-traded shares in Shimao Group Holdings, another big property company. Agile Group Holdings sank 8%.
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