China to Disburse Housing Loans Only After Project Completion

A report indicates that China will no longer issue mortgages for housing projects until they are completed, a move that could pressure the real estate sector and reduce risk appetite. Technically, the RSI is neutral at 54, while the MACD remains below its signal line, indicating weakening momentum. Although the price is above the SMA20 and SMA50, the sectoral impact of this news may trigger selling pressure in the short term. Therefore, a downward move is expected over a 1-3 day horizon, but confidence is moderate as a strong bearish signal has not yet formed.

A report indicates that China will no longer issue mortgages for housing projects until they are completed, which could add further pressure on the real estate sector and negatively impact Chinese tech stocks such as BABA. Technically, the price is above the SMA20 but below the SMA50, with MACD in negative territory and a slight recovery above the signal line; RSI is at a neutral level. In the short term, the uncertainty and sectoral risk from the news may make it difficult for the price to break through current resistance levels. Therefore, a downward move appears more likely over a 1-3 day horizon.

A report indicates that China will no longer issue mortgages for housing projects until they are completed, which could pressure the real estate sector and indirectly affect technology stocks such as Alibaba. Technical indicators show weak momentum with RSI at 45.5, while MACD is in negative territory and below the signal line, supporting a short-term bearish trend. The price has closed below the SMA20 and SMA50, indicating a weakening current trend. The 1.72% decline over the last 24 hours confirms continued selling pressure. However, since the news is not directly related to the company and the impact depends on overall market risk appetite, the effect may be limited.