China’s home prices continue slide as support measures fail to budge sentiment

A gauge of new home prices in China slid 0.3 per cent in July, adding to the steepest…
#NewsBeep #News #Headlines #Beijing #China #ChinaEvergrande #CountryGarden #E-HouseChinaRealEstateResearchInstitute #Guangzhou #HongKong #Latvia #LV #NationalBureauofStatistics #Shanghai #Shenzhen #Sunac #u.s. #Vanke
https://www.newsbeep.com/61858/

RONSHINE CHINA cae alrededor de 31%, #SUNAC CHINA disminuye aproximadamente 25% y CHINA #VANKE desciende un 14% aproximadamente. El HENG SENG INDEX $HSI se vuelve negativo después de un aumento del 2%; el índice HENG SENG TECH reduce ganancias a 0,36%.
Las inmobiliarias que cotizan en #HK caen: #SUNAC CHINA cayó un 17,5%, KAISA cayó un 12,5%, SHIMAO un -9,3% y LONGFOR un 5,2%. El índice inmobiliario CSI 300 de CHINA cae un 4%.
So, #China's #Evergrande went tits up, then #Sunac...yet I can't find any good English language analysis of the market situation there that isn't either overly long in timescale and academic, or just wingnut insane.

To Sunac China, we pay our respects
For the past year, your shares it kept
As the market opened, a shock did ensue
Your stock took a nosedive and quickly it flew
We wish you luck and strength so true

#sunac #china #shares #stocks #ode #poetry

https://www.reuters.com/world/china/shares-china-developer-sunac-plunge-38-trade-resumes-2023-04-13/

China developer Sunac shares plunge to 11-year low after year-long suspension ends

Chinese property developer Sunac China Holdings Ltd <a href="https://www.reuters.com/companies/1918.HK" target="_blank">(1918.HK)</a> lost more than half its market value on Thursday after resuming trade following a suspension of more than a year, having released results and agreed a debt restructuring.

Reuters