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Most Asian markets fell Friday following a broadly healthy week, with traders hoping for fresh Chinese moves to help the country's troubled property sector after officials called on banks to provide support.Investors are keeping tabs on China after authorities called on banks to provide help to the beleaguered property sector, which makes up a huge part of the world's number two economy.
"It is no secret that the long/short equity business model has come under pressure and interest in fundamental stock pickers has waned," he said.
Industrial output grew at a faster pace and retail sales growth beat expectations in October
China's economy showed signs of recovery in October, with factory output rising 4.6% and retail sales jumping 7.6%. However, real estate investment fell 9.3%, and the industry is still in the "midst of adjustment" after a crackdown on excessive borrowing by developers two years ago and the pandemic.
Although China's retail sales and industrial output growth in October exceeded forecasts, the country's overall economic picture showed some...