Chinese securities have fallen on the inactive trading on Tuesday because the growth of the real estate sector stocks could not overpower the weak positions of other sectors after the positive information about housing prices.
CSI300 is the index of the largest companies, which have been registered on the Stock Exchange of Shanghai and Shenzhen, has fallen by 0.2 percent, amounting to 3.257,40 points. The Shanghai Composite Index has lost 0.1 percent and amounted to 3.023,00 points.
The market is focused on the securities of the real estate sector, because the latest date information states that the average price for new houses in 70 large Chinese cities has jumped by 9.2 percent in August in annual terms.
Despite the fact that these figures raise the concern that the growth of prices in the housing market has been uneven, prices have made a strong jump in a number of some cities. In other cities the rise or decline in prices has slowed down. These common indicators have strengthened the opinion of all the doubters that real estate in China is one of the most attractive areas for investment.
The real estate sector has lost an advantage which was scored in the bidding process, but, nevertheless, it has finished the session with the increase by 0.3 percent that a bit filled the weakness of the banking and transport securities.
Hong Kong shares have finished the session without great changes, because investors were cautious in anticipation of the decisions of the US Central Bank and Japan.
Hang Seng Index has lost 0.1 percent and amounted to 23.530,86 points. China Enterprises Index has ended the session unchanged at the level of 9.751,44 points.
It is expected that the US Fed will not change rates on the results of the meeting. The Bank of Japan may soften the policy again, despite the fact that experts disagree on what steps the regulator can take.