حفلة 2024

Asian stocks subdued as China property sector worries weigh on

Stocks in Asia fell on Tuesday, hurt by the court-ordered liquidation of property giant China Evergrande and ahead of a decision by the U.S. Federal Reserve this week on interest rates, Reuters reported on Tuesday.

Hong Kong’s Hang Seng index shed 1.7 per cent, with the mainland properties index went down 3 per cent. China stocks opens new tab, with a 0.69 per cent fall and were on course for a near 4 per cent drop for the month.

The Chinese regulators have implemented measures to address concerns surrounding the troubled property industry and slowing growth in the country, but investors still in doubt that these measures are temporary solutions.

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