Chinese Property Stocks Drop Amid Investors' Caution After Record Gains

Reported 3 months ago

Following an unprecedented rally, Chinese property stocks fell sharply as investors reassess risks in the sector. A major index tracking Chinese property firms dropped by up to 16% after a dramatic 47% surge just days before. The slump is attributed to profit-taking and concerns raised by JPMorgan regarding the sustainability of the rally, indicating that recent policy support may not meet investor expectations.

Source: YAHOO

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