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The PBOC Rate Cut and the HangSeng Equity Market Reversal Rally
The lack of market reaction to recent easing measures by the PBOC is due to them being widely expected by the market./nOptimism in the Chinese property sector has led to premature market expectations of stimulus packages./nThe recent easing measures were met with a downside market reaction due to the lack of response from the market./nThe Chinese cabinet discussed a broad-based stimulus package, but nothing concrete was announced./nThe current downfall in market conditions is already expected by the market, which makes further expected rate cuts unlikely to revive China's reopening sentiment.