SINGAPORE — Most Asia-Pacific markets fell Thursday after China's housing ministry briefing failed to impress investors, and sent the country's property stocks plummeting.The CSI 300 real estate index — which had gained over 5% on Wednesday — fell nearly 8%, while the benchmark CSI 300 declined 1.13% to 3,788.22.slipped 0.69% to close at 38,911.19, while the broad-based Topix was down 0.11% to end at 2,687.
Australia's labor participation rate slightly increased to 67.2% in September, up 0.1 percentage point from August as well as forecasts.— CNBC's Lisa Kailai Han and Jesse Pound contributed to this report.Christine Li, head of research at Knight Frank, says it's too early to tell if China's property market is bottoming out, but there are early signs of optimism with an uptick in demand expected in the coming months.of $325.
China's central government has"set the tone" to halt the decline in property prices, and there would likely be more measures to reverse the"very challenging situation" in the property market, Raymond Cheng, managing director and head of research of Hong Kong and China at CGS International told CNBC's"The CSI 300 Real Estate Index dropped more than 5% following a much anticipated briefing from the China housing ministry.
Nine healthcare stocks have more than doubled this year and yet have more than 100% upside potential, according to analysts.
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