HK stocks fall, China up after cenbank leaves key rate unchanged
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Hong Kong shares declined while China stocks edged up on Friday after China’s central bank left a key policy rate unchanged. Hong Kong’s benchmark Hang Seng closed down 1.4%, and the Hang Seng China Enterprises Index lost 1.5%. China’s Shanghai Composite Index edged up 0.2%, while the blue-chip CSI 300 Index gained 0.5%. China’s central bank left the one-year medium-term lending facility rate unchanged while withdrawing cash from a medium-term policy loan operation. China’s new home prices dropped for an eighth straight month in February, official data showed. The CSI 300 Real Estate Index lost 0.9%, and the Hang Seng Mainland Properties Index slumped 1.9. Tech giants listed in Hong Kong also lost 1.5%.

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