With More Property Easing in Sight, Chinese Developer Shares Rally
(Bloomberg) — Chinese property shares rallied on expectations that authorities may add support for the ailing property sector at a key economic meeting next week.
A Bloomberg gauge of the sector gained 4.5% as of 10:18 a.m. in Hong Kong, with KWG Group Holdings Ltd. and Logan Group Co. Ltd. surging more than 12% each. Meanwhile, the broader market was largely flat, with the Hang Seng China Enterprises Index erasing most of its earlier 1.5% gain.
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