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Property Stocks Performing Well

CHINA STOCKS

There is plenty of social media “chatter” suggesting that China's national team is buying Chinese stocks.

  • However, we can't see any suggestions that is the case via the traditional wires and note that the speculation seems to have been started by a source that often sensationalises genuine/generates questionable headlines.
  • We also note that property names are performing well on the back of weekend news flow which noted that China Construction Bank will open a CNY30bn fund that will be tasked with buying properties from developers, in the latest bid to support the ailing sector.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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