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Property Stocks

All articles tagged with #property stocks

finance1 year ago

"Global Markets Brace for Impact: China's Stock Dump and Fed Decision"

Chinese stock markets resumed their sell-off despite government efforts to slow the decline, with Hong Kong's Hang Seng index falling 2.3% and the Shanghai Composite shedding 1.8%. Property stocks, including Hang Lung Properties and Longfor Properties, were among the biggest fallers. The suspension of trading for China Evergrande continued after a 21% fall on Monday. A ban on short selling announced by the China Securities Regulatory Commission over the weekend may have slowed the selling on Monday, but it resumed on Tuesday. Analysts believe the selling is driven by investors seeking to exit and put their investments elsewhere, with growing concerns about state control and China's trade skirmishes with the U.S. and other western countries.

via Benzinga|
#china#finance#government-intervention
financeeconomy2 years ago

"Beijing's Liquidity Boost Sparks Surge in China Property Stocks"

China's property stocks surged after the central bank announced measures to increase liquidity for developers, easing a cash crunch caused by Beijing's crackdown on the sector's debt. The move led to a 5.2% jump in the CSI property index and a 1.8% rise in the broader CSI 300, with Hong Kong-listed Country Garden, Logan Group, and Longfor Group also seeing significant gains. The measures, valid until the end of 2024, allow banks to issue loans to commercial real estate firms with operational properties as collateral. The property crisis is expected to persist for years, impacting the country's economic growth and financial stability.

via CNBC|
#china#debt#financeeconomy
finance2 years ago

"China's Property Stocks Plunge, Asia Market Declines"

Asian markets declined as China's property stocks plunged, leading to a drop in the Chinese market, while Japan's service inflation reached a 45-month high. China's industrial profits continued to shrink in November, but at a slower pace, indicating an uneven post-pandemic recovery. The Beijing Stock Exchange has asked major shareholders of listed companies not to reduce holdings to maintain market excitement. Hong Kong-listed China property stocks fell amid an investigation into debt-laden Chinese shadow bank Zhongzhi Enterprise Group. Japan's Sumitomo Mitsui Financial Group CEO Jun Ohta passed away at 65. Japan's services inflation rate hit a 45-month high in October.

via CNBC|
#asia-pacific-stocks#china#finance
business2 years ago

"Renewed debt fears trigger sharp decline in China property stocks"

Chinese property stocks, including Country Garden, tumbled on renewed debt fears for the sector. JP Morgan downgraded Country Garden and its property services arm, citing liquidity concerns unless the Chinese government provides more policy support. The Hang Seng Mainland Property Index fell over 5%, while shares of Longfor Group, Sunac, China Vanke, and China Overseas Land and Investment also declined. Weakness in China's real estate sector could have long-term economic implications and potentially impact neighboring countries. The property market is expected to experience an "L-shaped recovery" with steep declines followed by a slow recovery rate.

via CNBC|
#business#china#debt-fears