China’s home prices fall the most on record! Chinese stocks tumble into correction

by
Sharing is Caring!

See also  Buying a home right now at these elevated prices makes absolutely zero sense with rates this high. You can smell the desperation of the agents any house you walk into.

Chinese stocks slumped into a correction after another much-anticipated policy briefing failed to deliver the kind of pro-growth stimulus that investors had been hoping for.

The CSI 300 Index ended the day 1.1% lower, taking its declines from an Oct. 8 high to about 11%. A Bloomberg Intelligence gauge of Chinese developer stocks tumbled more than 12%, on track to wipe out gains from the previous session. The Hang Seng China Enterprises Index dropped more than 1%.

https://www.theedgesingapore.com/news/china-focus/chinese-stocks-slide-correction-stimulus-hopes-wane

https://finance.yahoo.com/news/china-home-prices-fall-fastest-014555339.html

See also  Biden sets up task force to tackle china's censorship and intimidation efforts