China Home Sales Slump Intensified in September Before Stimulus

Home sales in China have been on a steep decline throughout September, the decline worsening as the country prepares for new economic stimulus measures. Major property developers are showing sharp drops in sales that reflect compounded concerns over China's real estate sector, which has been sluggish for months. These figures have increased alarm over the general health of the Chinese economy and the efficacy of prospective interventions.

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China Tech Stocks Surge; US Chips Get a Boost

It was a key event in the global tech industry: shares of Chinese technology companies recorded a strong rally, riding on fresh optimism in economic policies and in a string of positive events related to chip manufacturing in the US.

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