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Chinese Property Stocks Rally on Hope for More Policy Support

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Property Developers,Shimao Group,Property Market

(Bloomberg) -- Shares of Chinese property developers extended a rally as investors expect Beijing to unveil more policy support after a Friday meeting to...

-- Shares of Chinese property developers extended a rally as investors expect Beijing to unveil more policy support after a Friday meeting to salvage the beleaguered market.Dow Average Touches 40,000 Before Pulling Back: Markets Wrap

“The meeting illustrates the Chinese government’s seriousness about the sector and we expect more concrete measures to be announced to address the property market’s problems,” said Raymond Cheng, head of China property research at CGS International Securities HK. China’s home sales plummeted about 47% in the first fourth months of this year, and unsold inventory is hovering at an eight-year high.How the ‘Harvard of Trading’ Ruined Thousands of Young People’s LivesMary Trump Thinks She Knows Exactly Why Ivanka And Don Jr. Haven't Turned Up In Court

Tom Williams/CQ-Roll Call, Inc via Getty ImagesMarjorie Taylor Greene wasted no time in suggesting that the shooting of Slovakian Prime Minister Robert Fico Wednesday could be linked to his position on COVID vaccines.

 

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