China’s real estate uncertainties persist, fueling market anxiety

Sharing is Caring!
  • While the plunge in Evergrande’s shares has abated, the volatility in other Chinese real estate companies has continued this month.
  • The consensus among economists is that the real estate slump is contained, since it’s driven by a top-down government decision to limit reliance on debt in the property industry.
  • Foreign investors say they are largely in the dark, rather than receiving timely corporate disclosures or clarity on policy.
See also  China’s home prices fell at slower pace in Dec amid easier financing for housing market

BEIJING — Wild swings in Chinese real estate stocks and bonds are keeping investors on edge — these news headlines could cause troubles in the sector to spill into the rest of the economy, says S&P Global Ratings.

While the plunge in Evergrande’s shares has abated, the volatility in other Chinese real estate companies has continued this month.

See also  Najarian thinks market going lower, he loaded march $IWM PUTS

On Thursday, Kaisa shares briefly popped 20% after news it could stave off default. On the same day, a Shanghai-traded bond from developer Shimao plunged 30%, reminiscent of a sharp sell-off in the company’s bonds earlier this month.

www.cnbc.com/2021/11/26/chinas-real-estate-uncertainties-persist-fueling-market-anxiety.html

523 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.