SHANGHAI (Sept 18): Home prices rose in fewer Chinese cities last month and declined in some of the nation’s hottest markets, signaling that authorities may be able to limit additional curbs to cool overheating. Prices fell in 18 cities from the previous month and were unchanged in six. Guangzhou’s prices fell 0.7% after rising for 28 months. The largest drop was in the southern tourist city of Haikou, on the tropical island of Hainan, where home prices fell 1%, after the city previously stepped up home-buying curbs to ease speculation. Country Garden shares rose as much as 6.8% in Hong Kong on Monday.

Source: The Edge Markets September 18, 2017 07:18 UTC