Watch for relative strength in secondary stocks that have already undone a substantial correction while indices and big-caps catch up to the downside.
The broad Chinese property sector, the mainland's largest single industry, is selling off in Hong Kong as investors try to work out which will be the next domino to fall.
The campaign against Big Tech continues in China, where Ant will likely have to carve out its consumer-loans business.
SLG has shown that if investors select the best operators, it can still be a lucrative way to gain exposure to real estate.
This is not based on the pipe dream of water asset/land monetization, but whether shares get cheap enough as an operating company.
China Evergrande is hustling to cut its huge borrowings, with repeat scares that its financial woes may infect the entire Chinese property market.
With real estate remaining red hot, OPEN should continue to expand at a rapid clip.
Value investors take note of these stocks.
These ETFs offer exposure to potentially dozens of REITs at a time, and have very low fees.
I continue to be pessimistic about both growth in residential or commercial real estate value in major cities.