Hong Kong’s equity gauge rose 1.8% as lenders and property developers account for most of its top performers.
The equity gauge rose 1.8% as lenders and property developers accounted for most of the top performers. Traders had earlier attributed the rally to speculation the Hong Kong government would announce measures related to land policy, as well as a report attributed to the South China Morning Post on an imminent announcement.
Oriano Lizza, sales trader at CMC Markets in Singapore pointed to a recent tweet by a closely-watched newspaper editor that said China will implement measures to ease the impact of the trade war.
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