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

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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

 

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