Is It Too Late For China's New Stimulus Measures?
Market Depth
The Hankstank Rally to Rescue the Property Sector
The Hankstank rally was driven by the Hankstank tech index, which had a 5% up day/nThe tech sector is unrelated to the property sector which is being reported to be under rescue/nThe rally may or may not have been coincidental, as the tech names shorts squeezing up 6% on a single stock basis may have contributed/nThe Hankstank mainland property sector index led the index higher, closing the day up almost 10%/nNames like China resources land, country garden, and long for properties performed well, closing up by double digits/nThe property sector rallied almost double digits before the headline about rescuing the sector came out after market close/nIntraday price action shows the red going up on the dollar CNH inverted chart
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