The Chuseok holiday continued during the beginning of last week, leaving the market open for only three days. The REITs market has continued its downward trend. The simple average return of the 20 listed REITs last week was -0.99%, the third consecutive week of declines. The overall macro environment is looking negative for the REITs market. The continued strong employment numbers in the US, prolonged monetary tightening, and surge in 10-year treasury yields are putting pressure on the market. In fact, the entire stock market is taking a hit. The negative news from the US continued throughout the Chuseok holiday. The burden was felt once the market opened. […]