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Real Estate Briefing - Categorized | Emerging Trends, Finance, IPOs/Stock Market more

Property shares decline after home prices slump

Posted on 19 April 2012

SouFun Holdings Ltd. led Chinese property stocks lower in New York trading after home prices in the nation tumbled, raising concerns the world’s second-largest economy will slow further.
SouFun, owner of China’s largest real estate website, fell from the highest level in two weeks. Property agency services E- House China Holdings Ltd. dropped for the third time in four days. The Bloomberg China-US Equity Index of the most traded Chinese shares in the U.S. was little changed at 102.76. Casino operator Melco Crown Entertainment Ltd. climbed to the highest level in eight months………………………………………..Full Article: Source


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