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Some mainland real estate stocks are under pressure. Sino-Ocean GP (03377) fell by 7.27%. The sales of the top 100 real estate enterprises in the first three quarters decreased by 38.8% year-on-year.
Kingwu Financial News: Some mainland real estate stocks are under pressure, with Sino-Ocean GP (03377) down 7.27%, CIFI Hold GP (00884) down 5.45%, Longfor Group (00960) down 4.95%, Shimao Group (00813) down 3.27%, Sunac (01918) down 2.84%, Greentown China (03900) down 2.15%. On the news front, according to statistics from China Real Estate Information Corporation, in September, the sales of the top 100 real estate companies decreased by 38.81% year-on-year and by 2.2% month-on-month. Looking at the cumulative figures, in the first three quarters of this year, the performance of the top 100 real estate companies has remained at a historical level.
Hong Kong stocks fluctuate | Mainland real estate stocks plummeted in the morning, with several stocks falling more than 10%. Shimao Group (00813) once plunged by 35%.
Mainland real estate stocks tumbled in the morning session, as of the time of publication, Sunac (01918) fell by 18.91%, closing at 3.73 Hong Kong dollars; Shimao Group (00813) fell by 19.22%, closing at 2.27 Hong Kong dollars; R&F Properties (02777) fell by 18.21%, closing at 2.29 Hong Kong dollars.
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