Chinese shares ended lower, dragged down by property stocks. Investors are digesting the outcome of China’s economic agenda-setting meeting, where policymakers’ tone wasn’t as aggressive as at the Politburo meeting earlier this week.
While there were positive signals about more being done to boost consumption, little was said about new policy efforts to stabilize the housing market.
Property companies led the losses, with Poly Developments & Holdings dropping 3.6% and China Merchants Shekou Industrial Zone Holdings losing 3.2% lower. Gainers include Yonghui Supermarkets, which added 3.0% and China Yangtze Power, which gained 1.1%.
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2024-12-13 08:54:12
