Shares of Sun Hung Kai Properties Ltd. (SHK PPT) and other Chinese property developers soared on Tuesday, fueled by the Chinese government's decision to relax restrictions on home purchases in major cities like Beijing, Shanghai, and Shenzhen.
The policy move, aimed at reviving the struggling real estate sector, sparked optimism among investors, driving a broad rally in property stocks listed in Hong Kong. SHK PPT surged 7.54%, while other prominent developers such as Longfor, China Resources Land, and China Overseas Land witnessed significant gains ranging from 9.8% to 17%.
The Hang Seng Mainland Properties Index, which tracks Chinese property stocks, soared 11.1%, and the broader Hang Seng Index rallied 5.3%, reflecting the positive sentiment surrounding the real estate market. Analysts expect the easing of home purchase rules to provide much-needed support to the property sector, which has been grappling with challenges in recent years.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。