China Home Prices Continue Slump Through August (FXI)

China stocks are on watch Thursday following new economic data out of the region.

Reuters, using data from China's National Bureau of Statistics, said the average home price fell 1.1 percent in China last month. That is an accelerated drop from a 0.9 percent dip realized in July and is the fourth-straight month of declines.

Year-over-year prices were up just 0.5 percent in August, from a 2.5 percent gain the prior month. It was the slowest annual growth seen over the last 20 months.

Traders are keeping an eye on iShares FTSE/Xinhua China 25 Index (NYSE: FXI) Thursday.

You May Also Be Interested In

• Natural Gas Inventory 92 bcf vs 84 bcf Expected
• Durable Goods (Mar P) 2.6% vs 2.5% Expected, Ex-Trans 0.2% vs 0.2%
• Wall St stocks end higher with major corporate earnings in view