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Sunac China Shares Are Down 21% at Mid-Day in Hong Kong
Express News | Sunac China - Considering Its Implications and Will Make a Further Announcement in Due Course
Express News | Sunac China - Hearing Is Scheduled to Be Held on 19 March 2025
Express News | Sunac China - Received a Winding up Petition Issued by China Cinda (HK) Asset Management Co
Hong Kong stocks are moving differently | Mainland Real Estate stocks plunged across the board in the morning session due to bearish concerns brought by the real estate companies. SUNAC (01918) once fell nearly 29%.
Mainland Real Estate stocks fell across the board. As of the time of writing, SUNAC (01918) is down 26.86%, trading at HKD 1.28; RONSHINECHINA (03301) is down 11.07%, trading at HKD 0.249; SHIMAO GROUP (00813) is down 8.42%, trading at HKD 0.87.
The three major A-share Indices fell collectively, Hong Kong stocks rose, SUNAC dropped over 25%, national bond yields rose rapidly, and the offshore yuan jumped by a hundred points.
Today, the People's Bank of China announced the decision to temporarily suspend the purchase of government bonds in the open market, resulting in a sharp decline in government bond Futures, while the offshore RMB surged by a hundred points. SUNAC fell over 25%, following reports that Cinda Hong Kong had filed for its liquidation.
Mr Careful : all this while, expecting it to return to $1. maybe can look for opportunity to accumulate at that level again
103725026 : The price will rise back in the afternoon.
Mr Careful 103725026 : dead cat bounce