China property stocks rally as better news challenges record media negativity.

When sentiment towards a market is resolutely negative, any positive news can more easily deliver a bounce as traders feel forced to shift positions.

As the chart below from SentimenTrader shows, news articles about China recently hit their most negative on record amid concerns about the real estate sector and slowing overall economic growth. The negativity — which granted mostly comes from Western media, especially the U.S. — has come of its peak but still sits at a decade high.

And so cue news from China over the weekend that more cities would relax mortgage policies in a bid to shore up the real-estate sector. It was the latest in a number of policy-easing initiatives from Beijing in the last few days, and they seem to have helped improve sentiment — for now at least.

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