** Shares of China Vanke fall 2.9% to a record low of HK$3.74, and down for a fourth straight session
** Shenzhen stock eases 1.4% to 7.0 yuan, lowest since March 2014
** Property developer said it is facing short-term liquidity pressure and operational difficulties, but added that it has prepared "a basket of plans" to stabilise its business and cut debt
** China's real estate index slips 0.6%; Hong Kong's Hang Seng Mainland Properties Index falls 1.1%
** Hong Kong-listed stock dropped 46.7% YTD, Shenzhen shares down 32.1% YTD
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments