{"id":21866,"date":"2023-09-25T02:23:24","date_gmt":"2023-09-25T02:23:24","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/asian-stocks-dip-china-slides-on-property-market-jitters\/"},"modified":"2023-09-25T02:23:24","modified_gmt":"2023-09-25T02:23:24","slug":"asian-stocks-dip-china-slides-on-property-market-jitters","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=21866","title":{"rendered":"Asian stocks dip, China slides on property market jitters"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<img decoding=\"async\" alt=\"Asian stocks dip, China slides on property market jitters\" id=\"carouselImage\" src=\"https:\/\/i-invdn-com.investing.com\/news\/LYNXMPEC050CV_L.jpg\" style=\"visibility:hidden\"><br \/>\n<span class=\"text\">\u00a9 Reuters. <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>Investing.com&#8211; Most Asian stocks retreated on Monday as markets digested the outlook for higher interest rates in developed markets, while Chinese shares led losses amid persistent concerns over a property market crisis.<\/p>\n<p dir=\"ltr\">Most regional stocks were nursing steep losses from the prior week after the  warned U.S. could rise further, and are likely to remain higher for longer. The outlook dented most risk-driven assets, and is set to dampen regional markets in the coming months.\u00a0<\/p>\n<p dir=\"ltr\">Sentiment was also on edge before a string of key regional economic readings this week.<\/p>\n<h2 dir=\"ltr\">Real estate concerns hit Chinese shares\u00a0<\/h2>\n<p dir=\"ltr\">Renewed concerns over China also weighed, especially after embattled real estate developer China <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Evergrande <\/span><\/span> Group (HK:) said it will be unable to issue new debt due to an ongoing government investigation into its unit Hengda Real Estate Group. News of the investigation had fueled fears of a broader government crackdown on the property sector, which is grappling with a brewing debt crisis.<\/p>\n<p dir=\"ltr\">The property developer\u2019s shares tumbled nearly 25% in Hong Kong trade, also sparking losses in other real estate stocks.<\/p>\n<p dir=\"ltr\"><span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Country Garden Services <\/span><\/span> (HK:) and Longfor Properties Co Ltd (HK:) slid about 3% each, dragging Hong Kong\u2019s  index down more than 1%. China\u2019s  and  indexes lost\u00a0 between 0.3% and 0.5%.\u00a0<\/p>\n<p dir=\"ltr\">Chinese stocks have seen increased volatility this year, as markets weighed worsening economic conditions against bets that the government will roll out more stimulus measures to support growth.<\/p>\n<p dir=\"ltr\">But sentiment has worsened in recent months, especially given Beijing\u2019s conservative approach to more stimulus. Concerns over a meltdown in the property sector have also kept sentiment towards the country on edge.<\/p>\n<p dir=\"ltr\">Focus this week is now on  data for September, which is expected to shed more light on business activity. While the manufacturing sector saw some improvement in August, service sector activity appeared to be deteriorating.<\/p>\n<p dir=\"ltr\">Concerns over China spilled over into broader Asian markets. Australia\u2019s  fell 0.4%, with a reading on Australian  (CPI) inflation due this week.<\/p>\n<p dir=\"ltr\">South Korea\u2019s  sank 0.6%, while futures for India\u2019s  index pointed to a positive open after the index plummeted from record highs last week.<\/p>\n<h2 dir=\"ltr\">Japanese shares rise as BOJ maintains dovish stance\u00a0<\/h2>\n<p dir=\"ltr\">Japan\u2019s  and  were the key outliers for the day, rising 0.4% and 0.7%, respectively.<\/p>\n<p dir=\"ltr\">Local stocks reversed most losses from Friday after the  said it had no plans to scale back its monetary stimulus policies in the near-term, heralding continued support for the Japanese economy and stocks.<\/p>\n<p dir=\"ltr\">A dovish BOJ has been one of the key drivers of a Japanese stock rally this year, with the Nikkei and the TOPIX trading just shy of a 33-year peak.<\/p>\n<p dir=\"ltr\">Focus this week is on  data for September, due on Friday. The reading acts as a precursor for countrywide inflation.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/asian-stocks-dip-china-slides-on-property-market-jitters-3181294\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. Investing.com&#8211; Most Asian stocks retreated on Monday as markets digested the outlook for higher interest rates in developed markets, while Chinese shares led losses amid persistent concerns over a property market crisis. Most regional stocks were nursing steep losses from the prior week after the warned U.S. could rise further, and are likely<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-21866","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-investing","7":"tag-featured"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asian stocks dip, China slides on property market jitters | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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