Stock Track | New World Development Shares Surge on Property Market Optimism

Stock Track

Sep 17, 2024

Shares of New World Development, a prominent Hong Kong property developer, soared by 6.67% on Monday, outperforming the broader market. The stock rally was fueled by expectations of a potential boost for the city's real estate sector, driven by an anticipated interest rate cut by the U.S. Federal Reserve.

Hong Kong's monetary policy closely follows the U.S. due to the city's currency peg to the U.S. dollar. With the Federal Reserve widely expected to cut interest rates this month, market participants are betting on increased buyer demand in the local property market.

Several major Hong Kong developers, including New World Development, CK Asset, Henderson Land, and Sun Hung Kai Properties, are reportedly planning to launch new housing projects in September, betting on heightened buyer interest after the anticipated rate cut. CK Asset's shares led gains among major Hong Kong builders on Monday, rising 5% to HK$32.35.

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The stock rally was fueled by expectations of a potential boost for the city's real estate sector, driven by an anticipated interest rate cut by the U.S. Federal Reserve.</p>\n\n<p>Hong Kong's monetary policy closely follows the U.S. due to the city's currency peg to the U.S. dollar. With the Federal Reserve widely expected to cut interest rates this month, market participants are betting on increased buyer demand in the local property market.</p>\n\n<p>Several major Hong Kong developers, including New World Development, CK Asset, Henderson Land, and Sun Hung Kai Properties, are reportedly planning to launch new housing projects in September, betting on heightened buyer interest after the anticipated rate cut. CK Asset's shares led gains among major Hong Kong builders on Monday, rising 5% to HK$32.35.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | New World Development Shares Surge on Property Market Optimism</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | New World Development Shares Surge on Property Market Optimism\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-09-17 20:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of New World Development, a prominent Hong Kong property developer, soared by 6.67% on Monday, outperforming the broader market. The stock rally was fueled by expectations of a potential boost for the city's real estate sector, driven by an anticipated interest rate cut by the U.S. Federal Reserve.</p>\n\n<p>Hong Kong's monetary policy closely follows the U.S. due to the city's currency peg to the U.S. dollar. With the Federal Reserve widely expected to cut interest rates this month, market participants are betting on increased buyer demand in the local property market.</p>\n\n<p>Several major Hong Kong developers, including New World Development, CK Asset, Henderson Land, and Sun Hung Kai Properties, are reportedly planning to launch new housing projects in September, betting on heightened buyer interest after the anticipated rate cut. CK Asset's shares led gains among major Hong Kong builders on Monday, rising 5% to HK$32.35.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00017","symbol_name":"新世界发展","start_time":0,"source_url":"","article_id":"1135681742","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1135681742","pubTimestamp":1726575263,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of New World Development, a prominent Hong Kong property developer, soared by 6.67% on Monday, outperforming the broader market. 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The stock rally was fueled by expectations of a potential boost for the city's real estate sector, driven by an anticipated interest rate cut by the U.S. Federal Reserve.\nHong Kong's monetary policy closely follows the U.S. due to the city's currency peg to the U.S. dollar. With the Federal Reserve widely expected to cut interest rates this month, market participants are betting on increased buyer demand in the local property market.\nSeveral major Hong Kong developers, including New World Development, CK Asset, Henderson Land, and Sun Hung Kai Properties, are reportedly planning to launch new housing projects in September, betting on heightened buyer interest after the anticipated rate cut. 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