HSI last printed at 20,123, down only 32 pts, on turnover of $60.5 billion. It once slid by up to 272 pts to 19,883 this morning, setting an over-two-month low.
Chinese property developers and managers remained vexed by cash crunch. Especially CG SERVICES (06098.HK) dived 8.5% to $16, being the worst blue chip. Its parent COUNTRY GARDEN (02007.HK) once bottomed at $2.79, an almost-6.5-year low, after announcing a share placing. It last stood at $2.84, down 6.3%, being the second worst blue chip.
AGILE GROUP (03383.HK), CHINA OVERSEAS (00688.HK), CHINA JINMAO (00817.HK), SEAZEN (01030.HK), KWG GROUP (01813.HK), LONGFOR GROUP (00960.HK), R&F PROPERTIES (02777.HK), TIMES CHINA (01233.HK) and CIFI HOLD GP (00884.HK) tumbled about 2%-6%.
Chinese property developers and managers remained vexed by cash crunch. Especially CG SERVICES (06098.HK) dived 8.5% to $16, being the worst blue chip. Its parent COUNTRY GARDEN (02007.HK) once bottomed at $2.79, an almost-6.5-year low, after announcing a share placing. It last stood at $2.84, down 6.3%, being the second worst blue chip.
AGILE GROUP (03383.HK), CHINA OVERSEAS (00688.HK), CHINA JINMAO (00817.HK), SEAZEN (01030.HK), KWG GROUP (01813.HK), LONGFOR GROUP (00960.HK), R&F PROPERTIES (02777.HK), TIMES CHINA (01233.HK) and CIFI HOLD GP (00884.HK) tumbled about 2%-6%.