Asian markets responded quickly to Trump’s last tariff threats. The Hang Seng index fell by 0.48%on Wednesday morning, with technical shares that led the sale. Alibaba (9988) and Baidu (9888) slid by 1.35% and 2.44% respectively.
In the meantime, the Hang Seng -Vasteland -Index 1.36% gathered after the data of the houses from China had demonstrated a potential recovery.
Brian Tycangco, editor and analyst at Stansberry Research, noticed:
“China real estate recovery seems to be on schedule. First Tier cities leading price repair. “
The Chinese house price index fell by 5% on an annual basis in January after a decrease of 5.3% in December. CN Wire reported that house prices in the first cities of China increased, while the decreases were modest in cities of the second and third and third row.
In the meantime, the stock markets of mainland China came up the wider market trend. The CSI 300 and the Shanghai Composite Index have occurred with 0.46% and 0.57% respectively.
The newest house price data and optimism around Monday’s symposium on private companies have increased the confidence of investors.