China Cuts Key Interest Rate Again Amid Property Slump and Economic Slowdown

China's central bank cut a key benchmark interest rate for the second time this year.
The rate cut aims to revive the property sector and bolster weak consumer spending.
The one-year loan prime rate was lowered by 10 basis points to 3.65%.
Stocks fell in Hong Kong and mainland China as the cut was smaller than expected.
Analysts say the rate reduction may only provide modest economic support.