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EQUITIES: China Property Indices Continue To Slide

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • China Property Indices continue to sell off, although for the time being we trade above Wednesday's lows/open.
  • Looking at volumes traded in the Mainland Property Index over the past few days, majority of trading was done in the 1,470-1,520 area we currently trade at 1,527 so a break below this area could see stops trigger and further downside.
  • Major China property names performance so far today;  KWG  -31%, Sunac -30%, CIFI -30.50%, Vanke -16.50%, Longfor -13%,  
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  • China Property Indices continue to sell off, although for the time being we trade above Wednesday's lows/open.
  • Looking at volumes traded in the Mainland Property Index over the past few days, majority of trading was done in the 1,470-1,520 area we currently trade at 1,527 so a break below this area could see stops trigger and further downside.
  • Major China property names performance so far today;  KWG  -31%, Sunac -30%, CIFI -30.50%, Vanke -16.50%, Longfor -13%,