|Day Low/High||11.20 / 11.20|
|52 Wk Low/High||8.38 / 11.20|
Chinese stocks have sold off rapidly since early last week, a reaction to government reforms in a market where policy can change overnight. Investors need to watch this momentum-driven market for short-term weakness.
The recent Moody's downgrade of China's credit score masks the price increases and operating profits that some debt-heavy members of China Inc. are pushing through.
Mainland developers have already set records for raw land in Hong Kong and are buying plots at new highs in Singapore. Where's next?
Prospects look particularly bearish for China's real estate sector, which makes up half of all lending in the country. Stocks could sell off fast.
Hong Kong's record-breaking property market is at levels that are virtually triple the lows seen during the Lehman bust. Mainland property companies still think they're a bargain.