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Emerging markets no buffer for property stocks

Posted on 06 October 2008

From Telegraph: It seems so long ago. When HSBC took a £5.4bn hit early last year on a portfolio of home loans practically thrust into the hands of low-income Americans, the property market appeared to stand almost in isolation at the heart of a growing storm.

Recently, with banks across the globe contributing to the spectacular implosion of their own sector by all but ceasing to lend to counterparts, the trials in property have almost become a side show. But the difficulties continue, not least among the small-cap and Aim-listed companies so often overlooked among the titans….. Full Article: Source


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