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Stocks Blog: Shanghai ends down, extending losses for fifth consecutive trading day amid US-China trade feud

  • China Rare Earth shoots up in Hong Kong
  • Chinese drug-makers continue to fall on Beijing audit plans
A pedestrian walks past the Bund Bull statue in Shanghai on October 24, 2018. Photo: Bloomberg
Topic |   Stocks Blog
Concerns are mounting that the escalation in tensions between China and the US over trade will spillover to Hong Kong’s property market, derailing recent gains that have pushed the world’s least affordable property market even higher in April. Photo: Bloomberg

Hong Kong’s housing market doomed to retreat as trade war deepens, says Credit Suisse

  • The Swiss bank cautioned of rising mortgage rates and falling affordability as Hong Kong interbank offering rate (Hibor) ticks higher
  • Credit conditions could tighten further as banks become more reluctant to lend
Topic |   Hong Kong property

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Concerns are mounting that the escalation in tensions between China and the US over trade will spillover to Hong Kong’s property market, derailing recent gains that have pushed the world’s least affordable property market even higher in April. Photo: Bloomberg
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