The Ripple Effect of China’s Sagging Real Estate Sector
China OTC Player submits:
By Platinum Tiger
The sagging Chinese real estate sector dragged down the 35-issue Rising China Stocks (RCS) index to a half-point loss on Wednesday, its third decline in the past four sessions. Largely because of real estate’s 16 percent decline in the past month, and its ripple effect on other sectors, year-to-date returns for the RCS fell behind those of the Russell 2000 small cap index for the first time all year.