MARKET DAILY

Market 01/02: US-China stocks open the new year in the red

China's real estate continues to plummet, government pumps money to stimulate economy. Tesla achieves record Q4 delivery numbers but still overtaken by BYD. Bitcoin hits 45,000 USD mark.

Nhật Thanh Lê

Published on January 2, 2024

December new home sales of China's top 100 real estate companies fell -34.6% Y/Y to 451.3 billion RMB (64 billion USD).

Annual revenue of these major real estate firms down -16.5% from 2022

Hong Kong real estate market dismal with transaction volume at lowest in 33 years

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Market 01/02: US-China stocks open the new year in the red

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