Most Asian property stocks and indexes continue to decline, with economic uncertainties and a drop in oil prices dragging down commodity shares. First quarter financial results from most property and development companies continue to disappoint investors, amid concerns about the world’s economic growth. Hong Kong property shares ended lower on May 17, 2015, from a week earlier, with Sun Hung Kai Properties’ (HKSE: 0016) and Swire Pacific (HKSE: 0019), both dragging down the share prices by 3.44% and 0.36% each. Meanwhile, the region’s property stocks struggled during the abovementioned the six months with the share prices of 14 leading property companies tracked by Mergent falling by an average 20%, with more than 50% of the companies in red. #MergentInc #industryreports #property
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