News Snapshot:
HONG KONG (BLOOMBERG) - Concerns about the health of China's real estate sector spilled into Hong Kong markets on Monday (Sept 20), sparking the biggest selloff in property stocks in more than a year and dragging down everything from banks to Ping An Insurance Group and high-yield US dollar bonds. The Hang Seng Property Index tumbled by as much as 5.9 per cent, the most since May 2020, while Ping An Insurance, China's largest insurer by market value, plunged 7.3 per cent in Hong Kong. The city's benchmark Hang Seng Index fell 3.3 per cent, its biggest one-day slump in...
