Hong Kong stocks rise to 10-month highs after China’s property rescue measures
Hong Kong stocks climbed to a 10-month high as Beijing’s latest efforts to salvage the beleaguered property sector boosted sentiment, with some analysts advising caution as cleaning up the sector would be a challenging task.
The Hang Seng Index edged up 0.4 per cent to 19,636.22 at close on Monday, the highest level since August 1. The Tech Index gained 0.6 per cent while the Shanghai Composite Index jumped 0.5 per cent.
Source: TRADE FINANCE