China Property Stocks, Bonds Rally After Report of $85B Lifeline
Bets are growing that authorities will take more action to stem a property slump ahead of the twice-a-decade Communist Party congress mid-October.
Source: wealthmanagement.com
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Expect China's Real Estate Struggles to Continue
Over two dozen Chinese real estate companies failed to meet the March 31 deadline to file their audited financial reports for the 2021 year.
Source: etftrends.com
SoftBank's CDS costs rise hit 2-year high as value of its holdings slumps
The cost of insuring against a default in SoftBank Group Corp's debt hit a two-year high on Wednesday and its bond yield also climbed as sharp drops in the value of its tech investments have unnerved... | March 16, 2022
Source: marketscreener.com
Insuring against SoftBank's debt default rises to 2-year high as value of its holdings slumps
TOKYO: The cost of insuring against a default in SoftBank Group Corp’s debt hit a two-year high on Wednesday and its bond yield also climbed as sharp drops in the value of its tech investments have unnerved investors. The value of marquee companies in the tech investor’s portfolio have tumbled, hit by China’s crackdown on tech companies, the prospect of higher interest rates
Source: arabnews.com
SoftBank's CDS reaches 2-yr high due to Chinese crackdown on tech cos
SoftBank shares are trading at two-year lows and were mostly flat on Wednesday morning.
Source: businesstoday.in