DailyHum Logo
China's real estate uncertainties persist, fueling market anxiety
Nov 25, 2021 | CNBC
Picture - China's real estate uncertainties persist, fueling market anxiety

BEIJING — Wild swings in Chinese real estate stocks and bonds are keeping investors on edge — these news headlines could cause troubles in the sector to spill into the rest of the economy, says S&P Global Ratings.

While the plunge in Evergrande's shares has abated, the volatility in other Chinese real estate companies has continued this month.

On Thursday, Kaisa shares briefly popped 20% after news it could stave off default. On the same day, a Shanghai-traded bond from developer Shimao plunged 30%, reminiscent of a sharp sell-off in the company's bonds earlier this month.

"Headlines can hit sentiment and drive contagion," Charles Chang, senior director and Greater China country lead for corporate ratings at S&P Global Ratings, said in a report earlier this month.

Sponsored
Nov 26, 2021 | Yahoo Finance
Yahoo Finance Presents: Jay Leno
How Hiya taps AI to kill phone spam
15 hours ago | Venture Beat
AI/ML