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Published 3 years ago

Investors Sell Off Chinese Real Estate Stocks

Summary

Investors continued to sell off shares in China’s real estate companies, wary of Beijing’s ongoing effort to stabilize the sector. The Hong Kong Stock Exchange’s property index, which tracks 52 real estate companies, fell 4.9 percent on Thursday to close at its lowest level since 2017, according to the Wall Street Journal.

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Investors Sell Off Chinese Real Estate Stocks

Investors continued to sell off shares in China’s real estate companies, wary of Beijing’s ongoing effort to stabilize the sector. The Hong Kong Stock Exchange’s property index, which tracks 52 real estate companies, fell 4.9 percent on Thursday to close at its lowest level since 2017, according to the Wall Street Journal. The Chinese government began watching the property sector more closely last year as concerns mounted over some developers’ h…

3 years ago·New York, United States

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