Last week, the Chinese government released data which showed that new home prices fell at their fastest rate in over seven years, while property sales measured by floor area fell for a 15th straight month in October.
At 9.53 am, Sensex traded at 60,555.92 points, down 477.63 points or 0.78 per cent, whereas Nifty traded at 18,022.70 points, down 134.30 points or 0.74 per cent.
The new Hurun Research Institute report released on Tuesday, reported that the number of affluent Chinese individuals is down 11 per cent from last year. Their total wealth has also shrunk 18 per cent year-on-year to 24.5 trillion yuan.
Islamabad [Pakistan], October 23 (ANI): Pakistan on Saturday requested its all-weather ally China to roll over its USD 6.3 billion debt amid a slump in its economy due to devastating floods.
Kabul [Afghanistan], October 21 (ANI): The new head of the United Nations Assistance Mission in Afghanistan (UNAMA), Roza Otunbayeva met with Afghan women leaders and discussed the key issues affecting women and girls amid the economic slump, ToloNews reported citing UN Assistant Mission in
Beijing [China], October 20 (ANI): Xi Jinping's strict zero-Covid policy has resulted in an economic slump not only in China but also in the Asian region as the Chinese President's authoritarianism has brought down the growth prospects toward zero.
New Delhi [India], October 20 (ANI/NewsVoir): India's real estate sector is witnessing momentous growth after a two-year slump. An industry report revealed that with economic activity in full swing, housing sales jumped two-fold across seven major cities in Q3 of 2022. The sector is likely t
Mumbai (Maharashtra) [India], October 13 (ANI): The Indian stock market's benchmark Sensex slumped 390 points on Thursday as a surge in inflation and poor industrial output amid weak global cues dampened investors' sentiments.