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Chinas Property Market

All articles tagged with #chinas property market

finance2 years ago

"China's Economic Crisis Sends Hong Kong's Hang Seng Index into Bear Market Territory"

Hong Kong's Hang Seng index closed in bear market territory, down 2.1% in the Friday session and more than 20% below its January highs, as uncertainty over China's property market and growth prospects erased early-year gains. The index's decline was further fueled by news that Chinese real estate giant Evergrande had filed for bankruptcy protection in a U.S. court. This comes after peer company Country Garden suspended payments on some of its bonds earlier in the week. The filing and contagion fears surrounding China's property sector have raised concerns about potential domino effects and increased default volumes.

via CNBC|
#bankruptcy-protection#bear-market#chinas-property-market
finance2 years ago

Investors Await Fed Decision Amid Mixed Market Sentiment.

S&P 500 futures traded near flat ahead of the Federal Reserve's policy decision and Chair Jerome Powell's remarks to the media. Markets are expecting the central bank to keep rates at the current target of 5% to 5.25%. Economists warn that weakness in China's property market could be a drag on the economy for years to come. A slate of exchange-traded funds hit 52-week highs, including tech names and homebuilders. Logitech shares fell after the company announced its CEO was leaving.

via CNBC|
#chinas-property-market#etfs#federal-reserve
finance2 years ago

Global Markets React to Fed Meeting and Inflation Data

Asia-Pacific markets were mixed as the U.S. inflation rate rose at a 4% annual rate in May, the lowest in two years, giving room for the Federal Reserve to pause and skip a rate hike in its June meeting. Japan's Nikkei 225 popped 1.47%, while Australia's S&P/ASX 200 climbed 0.32%. Hong Kong's Hang Seng index fell 0.82%, while mainland Chinese markets were more mixed. South Korea's Kospi fell 0.72%, and the Kosdaq tumbled 2.79%. Toyota shares rose to mark the highest in 16 months after the company's shareholders voted to retain Akio Toyoda as its chairman in a broad endorsement of its strategy. Economists on Wall Street are warning weakness in China's property market could be a drag on the economy for years to come.

via CNBC|
#asia-pacific-markets#chinas-property-market#federal-reserve