Looking at the charts is a little different than watching overnight, but I'm
guessing you're going to tell me the charts are similar? One developer sneezes they all catch a cold......but people fail to look at the markets these developers are in percent-wise. Most of Xin's property development is the mainland, not so for the developers you mention.
The one thing keeping China afloat is real estate, and that's why with
lower GDP numbers, China will go easy right now on curbs but probably
excluding Tier 1's, which Xin isn't in anyway. So until the China market
starts overheating, I'm not worried about Xin's developments The Chinese are not to chop off their own hands, and local govs depend on a good portion of their revenue from land sales'
So I'm reading a Bloomberg article 'China Can't Afford to Let it's Housing' but try reading the whole thing.
'The pivotal role of housing in China's economy makes the sector too big to fail. Nothing worries Xi's government more than the specter of public unrest, which explains its increasingly aggressive moves to censor the Internet and mobile-phone texts. And nothing would unnerve the masses faster than watching 65 percent of household wealth evaporate in a matter of weeks.
At some point, China's property bubble will explode. But for now, expect the government to pull out all the stops and borrow as much as needed to prop up housing values and, by extension, the nation's GDP bubble'