China's CSI 300 stock index has fallen 11% since October 8th, driven by insufficient stimulus measures for its beleaguered property market, continuing a downward trend.
Investors expressed disappointment with the recent stimulus measures announced, as the government’s latest efforts appeared inadequate in reversing the persistent downturn in the housing market.
Macquarie's economists argued that the recent measures might not significantly impact the housing market, suggesting a need for more aggressive interventions like the buyer of last resort program.
The Hang Seng Mainland Properties Index has experienced a drastic 23% decline since early October, reflecting broader concerns about the property market's recovery amid lackluster governmental actions.
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