China's home price decline stabilizes month on month in September: official data

The decline in the prices of commercial residential homes in China's 70 large and medium-sized cities stabilized on a month-on-month basis in September, according to official data released on Friday.

In the country's first-tier cities, namely Beijing, Shanghai, Guangzhou and Shenzhen, new home prices edged down by 0.5 percent, compared with a 0.3-percent drop in the previous month, according to the National Bureau of Statistics (NBS).

Second- and third-tier cities both registered declines of 0.7 percent month on month, with the former matching the decline from the previous month, while the latter improved from a 0.8-percent drop in August.

In September, prices of resale homes in first-tier cities fell by 1.2 percent month on month, with the decline widening by 0.3 percentage point compared to the previous month, the NBS said.

In the second- and the third-tier cities, resale home prices both fell by 0.9 percent month on month. In second-tier cities, the decline narrowed by 0.1 percentage point compared to the previous month, while in third-tier cities, the decline remained unchanged from the prior month.

China's home price decline stabilizes month on month in September: official data

China's home price decline stabilizes month on month in September: official data

The U.S. dollar weakened in late trading on Wednesday.

The dollar index, which measures the greenback against six major peers, dropped 0.28 percent to 98.764 at 15:00 (2000 GMT).

In late New York trading, the euro climbed to 1.1625 dollars from 1.1603 dollars in the previous session, and the British pound was up to 1.3351 dollars from 1.3334 dollars in the previous session.

The U.S. dollar bought 157.15 Japanese yen, lower than 157.76 Japanese yen in the previous session. The U.S. dollar fell to 0.78 Swiss francs from 0.7822 Swiss francs, and it increased to 1.3669 Canadian dollars from 1.3667 Canadian dollars. The U.S. dollar lost to 9.1761 Swedish Kronor from 9.2882 Swedish Kronor.

U.S. dollar ticks down