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January 2016

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January 2016
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#68
01-18-2016, 01:03 PM

For a change, some good news out of China..

Chinese property stocks advanced after data showed home prices increased in more cities last month. The benchmark stock index swung between gains and losses. The Shanghai property index climbed 0.8 percent at 10:04 a.m., the biggest increase among industry groups. Gemdale Corp. led gains for developers, surging to the highest level in almost a month. New-home prices climbed in 39 cities, compared with 33 in November, the National Bureau of Statistics said Monday. The Shanghai Composite Index added 0.3 percent, erasing a loss of as much as 1.9 percent.

Chinese Property Stocks Rise After Home-Price Recovery Spreads - Bloomberg Business

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