Sunac China Holdings Ltd. saw its stock price surge 9.78% on September 19, riding the wave of optimism surrounding potential policy easing measures from the Chinese government in the wake of the Federal Reserve's interest rate cut.
Chinese property stocks rallied sharply on Thursday, with the Hang Seng Mainland Properties Index, which tracks Chinese property developers listed in Hong Kong, climbing 5.1%. This came after the Federal Reserve announced a half-percentage-point rate cut overnight, providing the People's Bank of China with more flexibility to cut rates without excessively impacting yuan stability.
Investors are now eagerly anticipating the PBOC's announcement of lower loan prime rates on September 20. A potential domestic mortgage rate cut could provide a much-needed boost to the recovery of home transaction volume in China, which has been weighed down by subdued consumer sentiment and weakening confidence in the economy.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。