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China’s Property Stocks Tumble Back to Pre-2024 Stimulus Levels

China’s Property Stocks Tumble Back to Pre-2024 Stimulus Levels
Key Points

China’s Property Stocks Tumble Back to Pre-2024 Stimulus Levels Chinese property stocks have slid back to levels seen before a raft of stimulus measures from the authorities in September 2024 drove a market turnaround, underscoring lingering pessimism over the sector. A Bloomberg Intelligence gauge of Chinese developer shares fell as much as 2.1% on Tuesday, extending losses after data showed a faster decline in home prices. Sunac China Holdings Ltd. dropped 6%, while Shimao Group Holdings...

China’s Property Stocks Tumble Back to Pre-2024 Stimulus Levels Chinese property stocks have slid back to levels seen before a raft of stimulus measures from the authorities in September 2024 drove a market turnaround, underscoring lingering pessimism over the sector. A Bloomberg Intelligence gauge of Chinese developer shares fell as much as 2.1% on Tuesday, extending losses after data showed a faster decline in home prices. Sunac China Holdings Ltd. dropped 6%, while Shimao Group Holdings Ltd. lost 4.4%.
China (LOCATION) Chinese (ORG) Bloomberg Intelligence (ORG) Sunac China Holdings Ltd. (ORG) Shimao Group Holdings Ltd. (ORG)
Originally published by Bloomberg Markets Read original →