Thursday, August 2, 2012

Housing Market Index


China Shares End Down; Property Firms Slide on Fears of Fresh Tightening for ...
Wall Street Journal
The average price of housing in 100 major Chinese cities rose in July on month for the second straight month, suggesting that property prices have bottomed out, according to data provider China Real Estate Index System. Analysts said that the government is ...
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Emerging Stocks Fall From 4-Week High Before ECB Meeting
Businessweek
Emerging-market stocks fell from a four-week high before a meeting of European Central Bank policy makers today and on renewed concerns China will further curb its property market. The MSCI Emerging Markets Index (MXEF) fell 0.6 percent to 948.65 as of ...
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China Developers Fall on Property Curb Concern: Shanghai Mover
Businessweek
China's property stocks fell, with the gauge tracking developers on the Shanghai Composite Index declining the most in more than 1 ½ years on renewed concern the government will issue more curbs to cool the real estate market. The property measure ...
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Fears of new property curbs sink shares in China, Hong Kong
Reuters
HONG KONG, Aug 2 (Reuters) - China shares resumed their downward spiral on Thursday, hurt by steep losses for property developers that dragged down on the Hong Kong market, after state-run media reported there could be fresh curbs, which would hit the sector. Poly Real Estate, one of the mainland's biggest developers, dived 9.2 percent ... In Hong Kong, the Hang Seng Index snapped a five-day winning streak, falling 0.7 percent to 19690.2. But it managed to close above 19677.2, its current 200-day moving ...
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Asian Markets Await 'Real' Action
Wall Street Journal
It will take some time for the Shanghai market to "drag itself out of the current bearish environment, especially when economic data, such as Wednesday's (purchasing managers index), also pointed to a deterioration in the (Chinese) economy," said Zheshang Securities analyst Zhang Yanbing. Chinese property-developer shares struggled after data a day earlier showing a rise in housing prices sparked concerns about future government curbs for the sector. Poly Real Estate Group fell 9.2% and Gemdale Corp.
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China property shares slump on fears of stronger curbs
Reuters
Aug 2 (Reuters) - Chinese property shares slumped on Thursday, after a second straight month of rises in housing prices on the mainland strengthened fears that Beijing could further enforce curbs on the sector. The Shanghai property subindex was down more than 5 percent at 0521 GMT. The Shanghai Composite Index was down 0.8 percent, while the CSI300 Index of the top Shanghai and Shenzhen listings was down 1.3 percent. The average home price in China's 100 major cities edged up in July for the ...
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China's Stocks Drop for Third Day This Week as Developers Tumble
Businessweek
Chinese stocks fell for the third day this week, led by property developers, on concern the government will take more steps to cool the housing market and before European Central Bank policy makers meet. A gauge tracking real-estate companies plunged 4.9 percent, the most since January. ... shares to boost stock prices. The Shanghai Composite Index (SHCOMP) dropped 0.6 percent to 2111.18 at the close, as about thee stocks fell for each one that gained. The CSI 300 Index (SHSZ300) slid 1 percent to 2344.88.
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