While the U.S.-China trade dispute weighed on the global economic outlook, domestically, Bloomberg Intelligence said a resurgence of aggressive land bidding could result in more property cooling measures in some Chinese Cities. China Evergrande share price remains on the downside. Below key resistance at HK$23.55, downside targets at HK$20.60 and HK$18.15.
China Evergrande (3333-HK) - Downside Target HK$18.15
While the U.S.-China trade dispute weighed on the global economic outlook, domestically, Bloomberg Intelligence said a resurgence of aggressive land bidding could result in more property cooling measures in some Chinese Cities. China Evergrande share price remains on the downside. Below key resistance at HK$23.55, downside targets at HK$20.60 and HK$18.15.
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