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HK Developers Prosper on Higher Hope for US Rate Cut
US core inflation in June sank to its lowest point in more than three years, underpinning the Federal Reserve’s potential rate cut later this year. In the face of rising expe...
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US core inflation in June sank to its lowest point in more than three years, underpinning the Federal Reserve’s potential rate cut later this year. In the face of rising expectations of a US rate cut, Hong Kong property developers had a good run. HENDERSON LAND (00012.HK)  0.000 (0.000%)    Short selling $23.73M; Ratio 33.510%   last posted at $23.3, up 7.13%, with 2.7675 million shares traded, involving $63.4344 million. SHK PPT (00016.HK)  0.000 (0.000%)    Short selling $123.53M; Ratio 31.147%   and HANG LUNG PPT (00101.HK)  0.000 (0.000%)    Short selling $12.43M; Ratio 29.015%   each spiked 4.9% and 4.6%.

In addition, WHARF HOLDINGS (00004.HK)  0.000 (0.000%)    Short selling $2.87M; Ratio 24.703%   , CK ASSET (01113.HK)  0.000 (0.000%)    Short selling $28.00M; Ratio 9.688%   , NEW WORLD DEV (00017.HK)  0.000 (0.000%)    Short selling $28.90M; Ratio 44.569%   , SWIREPROPERTIES (01972.HK)  0.000 (0.000%)    Short selling $4.26M; Ratio 2.445%   and FE CONSORT INTL (00035.HK)  0.000 (0.000%)    Short selling $178.05K; Ratio 39.069%   soared 3.5%-3.7%. SINO LAND (00083.HK)  0.000 (0.000%)    Short selling $5.10M; Ratio 12.434%   also leaped more than 2%. As for the REITs, LINK REIT (00823.HK)  0.000 (0.000%)    Short selling $88.52M; Ratio 24.756%   last stood at $32.7, up 5.14%, with 5.4103 million shares traded, involving $176 million.

Related NewsRatings, TPs on SHK PPT (00016.HK) (Table)
Chinese property developers were also speculated. SHIMAO GROUP (00813.HK)  0.000 (0.000%)   last printed at $0.82, up 17.14%, with 100 million shares traded, involving $80.6349 million. SUNAC (01918.HK)  0.000 (0.000%)    Short selling $11.65M; Ratio 14.831%   , CIFI HOLD GP (00884.HK)  0.000 (0.000%)    Short selling $4.08M; Ratio 17.633%   and CHINA VANKE (02202.HK)  0.000 (0.000%)    Short selling $45.30M; Ratio 29.808%   each surged about 8%. CHINA JINMAO (00817.HK)  0.000 (0.000%)    Short selling $1.13M; Ratio 9.356%   , CHINA OVERSEAS (00688.HK)  0.000 (0.000%)    Short selling $40.15M; Ratio 22.592%   , CHINA RES LAND (01109.HK)  0.000 (0.000%)    Short selling $27.64M; Ratio 10.698%   , R&F PROPERTIES (02777.HK)  0.000 (0.000%)    Short selling $47.17K; Ratio 2.754%   and POLY PROPERTY (00119.HK)  0.000 (0.000%)    Short selling $1.45M; Ratio 30.201%   shot up 3.5%-6.2%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-09-05 16:25.)

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