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Regional property stocks reversed two consecutive months of falls in November as successful trials of vaccines in development raised hopes for an end to the pandemic. As a Joe-Biden victory bred expectations of a more stable geopolitical environment, the world's largest trade pact was also inked in November. Fifteen Asia-Pacific economies including those in the ASEAN bloc, Australia, China, Japan, South Korea and New Zealand committed to the Regional Comprehensive Economic Partnership, underscoring the significant role the accord could play in post-pandemic recovery efforts.

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在经历了暗淡的9月之后,全球资本市场又迎来了疲软的10月。由于美国大选的不确定性、漫长的财政刺激政策谈判、加上欧洲疫情反弹,市场悲观情绪持续蔓延。

10月份,亚太地区GPR/APREA上市房地产综合指数呈负收益,其表现差于亚太股票指数。亚太股票市场之所以表现较好是得益于其包含了高权重的科技公司,亚太债券的良好表现也受益于此

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Capital markets in the region experienced another weak month in October, following a lackluster September. Uncertainties from the US presidential election, protracted US fiscal stimulus talks and a resurgence in infection numbers in Europe contributed to the bearish sentiment.

Closer to home, Thailand’s stocks fell on mounting anti-government protests, which, if protracted is likely to derail an economic recovery – its key equities benchmark tumbled to its lowest level in more than six months. The  GPR/APREA total return gauges for both the Kingdom’s listed real estate and REITs contracted by double digits to clock the biggest fall among regional markets.

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  • 美国即将进行总统大选,全球经济复苏仍存在许多不定因素,而投资者多出于风险规避心理,九月地区内地产股票出现下滑。
  • 九月GPR/APREA综合房地产投资信托指数下挫1.4%,终止了自四月以来的涨势,表现逊于大盘,后者下跌1.1%。
  • 在低利率,高负债能力的支持下,地区房产信托雄心勃勃,逐渐恢复停滞的交易。根据房地产资本分析公司Real Capital Analytics数据显示,就收购体量而言,第二季度体量为2010年以来的历史最低值,而第三季度地区房产信托收购总额超41亿美元。
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