Hong Kong Stocks Surge on Property Market Speculation

Hong Kong Stocks Surge on Speculation of Eased Property Curbs

Hong Kong stocks soared to a seven-week high on Wednesday, driven by a surge in property developers’ shares amidst speculation that the government will remove more curbs to boost the struggling industry. Mainland developers like Longfor and China Resources Land led the gains, with increases of 9.5% and 4.9% respectively. Other major developers including Sun Hung Kai Properties, Henderson Land, and New World Development also saw substantial increases. The Hang Seng Property Index rose by 3%, reaching a one-month high.