Slowing Home Sales Are Hitting China Home-Appliance Stocks

Valuations on once sizzling Chinese home-appliance stocks have come down to levels that may interest some investors, though that’s unlikely to drive a rebound due to the long shadow the slowing property market casts over the sector. The likes of Qingdao Haier Co. and Gree Electric Appliances Inc. saw their shares surge over the past couple of years as China’s housing market boomed, only to fall off the rails in 2018 as the government tightened controls to ward off a crash. The outlook for developers remains gloomy, which is bad news for appliance makers.