Chinese shares in the Hang Seng Index staged a massive recovery rally to end the week in which it temporarily fell into official bear market territory, and uplifted the entire region for a broad based equity market surge during the Asia trading session.
Then, after Asia markets close, Bloomberg reports that China will unveil a new stimulus package to support the systematically critical and increasingly dangerous, debt-ridden property and development sector - which subsequently ignited a strong, risk-on rally across global indices.
Weston Nakamura takes a deep look into the peculiar chronology of the price action in Chinese property and development sector indices - and offers a differentiated take on whether this is indeed the long-awaited turning point for China to proactively stimulate the world's second largest economy, or if this is an empty symbolic gesture.
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Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
