US monetary policy is critical to asset prices in Hong Kong
IF Hong Kong real estate were a stock, investors might have reason to start getting worried. Home prices rallied this year, reaching within about 1% of their 2019 record before retreating in the first week of July, according to a widely followed index compiled by Centaline Property Agency Ltd.
That leaves the chart looking like the dreaded “triple top”, a bearish technical indicator in the equity market.
