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Chinese developers see sell-off in stocks and dollar bonds, yields skyrocket amid tight dollar liquidity


Chinese real estate developers see a sell-off in their stocks and dollar bonds, with their yields skyrocketing amid tight dollar liquidity.

On Thursday, developers' stocks tumbled in both mainland and Hong Kong. In the mainland market, a gauge tracking the sector compiled by the Shenwan Hongyuan Securities fell 2 per cent, one of the worst performers on the day. China Vanke fell 4 per cent to close at the lowest level since January 2019.

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