Hong Kong’s Hang Seng Index Jumps 20% From January Low, Heads for Bull Market
Hong Kong’s benchmark equity index headed for a technical bull market as stocks in the city extended this month’s stellar rebound sparked by overseas inflows.
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Hong Kong’s benchmark equity index headed for a technical bull market as stocks in the city extended this month’s stellar rebound sparked by overseas inflows.
Chinese property shares surged, leading gains in the broader market, as sentiment got a boost after a major developer reached a solution with bondholders for its liquidity issues.
New Zealanders who own properties in areas prone to flooding or earthquakes may find they can’t afford insurance or may not be offered cover for specific risks, according to the Reserve Bank.
Message to bond underwriters: Some big customers are sizing up your ESG credentials.
Joe Biden’s allies are racing to blunt the presidential campaign of Robert F. Kennedy Jr., casting his third-party effort as a stalking-horse bid designed to boost Donald Trump’s chances — even as his wide-ranging policy positions make him a threat to both.
Jun 5, 2019
BNN Bloomberg
,Home sales across the Greater Toronto Area notched a second consecutive month of double-digit gains in May, as the spring selling season gained momentum in Canada's largest housing market.
There were 9,989 property sales in the GTA last month, marking an 18.9 per cent gain from May 2018 and a sequential increase from April when 9,042 homes traded hands, according to data released Wednesday by the Toronto Real Estate Board (TREB).
Meanwhile, active listings across the GTA fell 4.3 per cent year-over-year in May. The combination of reduced inventory and surging sales helped lift the average selling price 3.6 per cent year-over-year to $838,540, according to data released Wednesday.
“We are experiencing annual rates of price growth that are largely sustainable right now in the GTA – above the rate of inflation, but in the single digits. If, however, we continue to see growth in sales outstrip growth in new listings, price growth will accelerate," said Jason Mercer, TREB chief market analyst, in a release.
He added that "many" households are reluctant to put their homes up for sale out of concern they won't be able to find another option that meets their needs.
Toronto's sales surge stands once again in stark contrast with the latest activity in Vancouver, where May home sales fell to the lowest since 2000.