MarketsASEAN markets grow cautious as China's property crisis worsens
Investor sentiment weakens as fears of further economic slowdown mount
Investors consider that China’s rate cuts are small and will only help the economy modestly amid the ongoing property turmoil. © Reuters
TSUBASA SURUGA, Nikkei staff writer
August 18, 2023 19:05 JST
SINGAPORE -- Southeast Asian shares fell on Friday as investors' confidence chilled in light of fresh turmoil from the Chinese property market, amid fears of a further slowdown in the second largest economy that could weigh on the region's trade and tourism.