Monday morning links
Indian variant B.1.617 seems a lot more transmissible, can also infect vaccinated individuals and can also lead to symptomatic infections among children.
New lockdowns in Singapore and Taiwan led their stock markets into a tailspin. Transport stocks and banks suffered while grocery stocks rallied.
Chinese housing prices grew at the fastest pace in eight months at 0.48% MoM, compared to 0.41% MoM as speculators try to hedge themselves against rising global inflation.
The Hong Kong government has unveiled a REIT subsidy plan to compete with Singapore’s and Japan’s REIT markets.
Commodity prices are starting to fall back to earth, and many are asking themselves whether it’s driven by a peak in China’s credit cycle. Or is China’s stockpiling of commodities decelerating?