Low impact

China's September year-to-date property investment fell 20.6% y/y and residential property sales fell 13.7% y/y, while fixed assets ex rural fell 7.2% y/y.

LiveSquawk10/19, 09:52 AM

Figures as quoted by LiveSquawk

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

CNY
Would push down
WeeksMedium confidence
Deeper property investment and sales declines add pressure for more stimulus, which can weigh on CNY.
AUD
Would push down
WeeksMedium confidence
Weaker Chinese property data can dampen risk appetite tied to China's growth outlook, pressuring AUD.

What could change this

If authorities respond with stronger stimulus measures, the drag on CNY and related risk assets could ease.

6.6692-0.05%vs previous close

-0.19%

since this story

Measured from the price when this story was posted to the latest stored price, so it can lag the live price.

This story

10/15, 04:00 AMNow