from bloomberg monday feb. 24the reports in the later part of...

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    from bloomberg monday feb. 24

    the reports in the later part of this article are from one journalist only, so best not to get to immediately alarmed.. possibly may be a forewarning of what we MAY hear more of some time in to the future.

    "Chinese shares tumbled on reports of property-lending curbs, metals fell and the won dropped against all major peers. Natural gas climbed to its highest price in five years and oil rallied as forecasts for frigid weather in the U.S. bolstered the outlook for energy demand

    Gauges of Chinese shares in the mainland and Hong Kong tumbled more than 1.9 percent at 11:17 a.m. in Tokyo amid reports that some banks restricted lending to developers and related sectors

    Industrial Bank Co. and other unidentified banks have curbed lending to the property sector and related industries like steel and cement, Shanghai Securities News reported as China said new home prices rose in 69 of 70 cities last month from a year before

    China Resources Land Ltd. and China Overseas Land & Investment Ltd., the two biggest Hong Kong-listed mainland developers, fell at least 4.3 percent, the biggest drops on the Hang Seng Index

    Developers in a few large cities have started to cut prices as supply outstrips demand, Credit Suisse analyst Jinsong Du wrote in a report today. Hangzhou, considered the fifth biggest tier-1 city, may experience price cut of a wider scale, while many developers contracted sales guidance for this year may prove to be too aggressive, he said"

    gk

 
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