Chinese and Hong Kong stocks declined as weak economic data highlighted a fragile recovery, while new measures to reform China’s housing presale system triggered a sharp selloff in property shares. Gold stocks also weakened after hawkish Fed signals, while strong first-half earnings from major banks offered some support.
Chinese and Hong Kong stocks declined as weak economic data highlighted a fragile recovery, while new measures to reform China’s housing presale system triggered a sharp selloff in property shares. Gold stocks also weakened after hawkish Fed signals, while strong first-half earnings from major banks offered some support.
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