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Hong Kong and China mainland stocks falling - property sector in particular

Hong Kong and China mainland stocks falling - property sector in particular

Regional stock markets here have followed the US lead, falling.

  • Japan's Nikkei is bucking the trend, up slightly, around +0.3%
  • Hong Kong's Hang Seng is down around 1%
  • China's Shanghai Composite is down around 0.25%, Shenzen about 0.5% lower

Chinese property developers are taking larger hits, Logan Group and Country Garden are down about 5%. There was some prospect for a cut to the 5 year LPR, which would have been a positive for property at the margin,... Read More

Posted: Dec 20 2022, 01:46
Author Name: forexlive
Views: 102074

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