(Bloomberg) -- Hong Kong stocks rose, driving the
Hang Seng Index to a record for a fifth day. Sun Hung Kai
Properties Ltd. climbed after the South China Morning Post said
the company sold a house at a record price.
``We favor Hong Kong developers because the property market
is rebounding,'' said Mona Chung, who helps manage more than
$1.2 billion at Daiwa Asset Management Ltd. in Hong Kong. ``In
particular, luxury property prices are on a rising trend.''
Read more at Bloomberg Stocks News
Hang Seng Index to a record for a fifth day. Sun Hung Kai
Properties Ltd. climbed after the South China Morning Post said
the company sold a house at a record price.
``We favor Hong Kong developers because the property market
is rebounding,'' said Mona Chung, who helps manage more than
$1.2 billion at Daiwa Asset Management Ltd. in Hong Kong. ``In
particular, luxury property prices are on a rising trend.''
Read more at Bloomberg Stocks News
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