** Shares of CK Asset lead gains among major Hong Kong property developers, rise 5% to HK$32.35, their biggest intraday pct gain since July 12

** Stock is the second-biggest pct gainer in Hang Seng Property Index , which is up 2.8%

** CK Asset leads Hong Kong property developers in touting new flat sale ahead of an anticipated interest rate cut, putting 558 units on its south side project on sale next month, according to an SCMP report

** Hong Kong developers are poised to launch at least six new projects with a total of 2,800 flats in September as they bet on a more active local property market after the expected rate cut of at least 25 basis points, SCMP reported

** Hong Kong's monetary policy moves in lock-step with the United States as the currency is pegged to the greenback in a tight range of 7.75 to 7.85 per dollar

** "The Fed is set to cut interest rates for the first time since the pandemic. Yet central banks are not heading for an easy policy stance given sticky inflation," BlackRock Investment Institute says

** Rivals rise with New World up 3.1% while Henderson Land and SHKP add 2.7% each

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))