Keppel DC REIT Distributions Drop 13.7% and More Asia Real Estate Headlines
-
The challenges of what was once Asia’s hottest listed trust lead today’s
roundup of real estate headlines, with Keppel DC REIT announcing a dip in
distri...
2012-01-07
Chinese yuan stabilizes
The gap between the market price and the daily fixing in the yuan has closed. The arbitrage opportunity in Hong Kong offshore yuan trading has also disappeared. It remains to be seen whether this is a start of year capital allocation move, or a return to the trend of a rising yuan, but I expect economic fundamentals will keep the yuan under pressure this year.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment