China’s Property Stocks Surge Needs to Go Further: In Charts
- Broader equities started underperforming as developers sank
- Property stocks trading well below book value after rebound
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China’s property stocks need a sustainable turnaround in order to foster investor confidence that this year’s broader equities recovery can maintain, or even increase its momentum.
Equities bounced Friday after moves were announced to reduce the lending burden and shrink a housing glut. But analysts are already raising doubts on whether the package is sufficient to end the rout.