On Friday, foreign investors heavily purchased Chinese stocks after Xi Jinping’s government announced new measures to support the housing market. Transactions through connections with Hong Kong amounted to 14 billion yuan ($1.9 billion), marking the largest since late April.

The measures included easing mortgage rules, representing the most forceful attempt yet to save the troubled real estate sector. Official data showed that home prices in April had the most significant monthly drop in a decade, adding a sense of urgency to policymakers’ actions.

The Bloomberg Intelligence developers’ index surged nearly 10% on Friday but fell 2.9% on Monday, despite rising 22% over the previous three trading sessions. The market situation remains unpredictable, but foreign optimism is gradually returning after a long period of uncertainty.