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Hong Kong Property and Development Sector Rally Double Digits Before the Headline Drop
The property sector has been the most problematic as of late underperforming the hankang tech Sector by more than 10 percent in the last two weeks alone. Property development sector doesn't actually follow the rest of the index upwards and just diverges and falls instead. The reversal and short cover is thereby the most ambitious when it's getting swept up in a broad based index wide indiscriminate rally, right? I mean that's what I initially thought myself as to why the sector rallied so hard And then we had the sector rescue announcement afterwards um That's what my initial thought was until I look closer at this chart because If that were to be the case Then the property sectors double digit rally move would have