image credit: Pexels

China Vanke Shares Slump After Soft Results

April 30, 2024

China Vanke 000002 -1.98% shares slumped after it posted soft first-quarter results amid continuing pressure in China’s property sector.

Shares were 9.5% lower at 4.48 Hong Kong dollars (US$0.57) in Tuesday afternoon trading, taking this year’s loss to 38%. Shares rose 19% on Monday after a major Chinese city relaxed house-buying restrictions.

Read More on The Wall Street Journal