Hong Kong stock market finished higher for second session in row on Wednesday, 10 November 2021, led by developers on speculation Beijing will loosen curbs on real-estate companies to sell bonds in the interbank market.
At closing bell, the benchmark Hang Seng Index added 0.74%, or 183.01 points, to 24,996.14. The Hang Seng China Enterprises Index rose 1.19%, or 104.96 points, to 8,910.98.
Shares of property developers gained on speculation Beijing will ease funding restrictions to help stem debt defaults. Country Garden rallied 7.9% to HK$7.24 while China Resources Land jumped 8.8% to HK$31.55. Longfor Group climbed 6.9% to HK$36.55.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
