HK banks, property developers rally

Wednesday, September 11, 2019

Bank stocks rallied broadly in the morning in Hong Kong.

BOC Hong Kong (2388) won 4.4 percent to HK$28.5, becoming the biggest winner among blue-chips. HSBC Holdings (0005) added 2.63 percent to HK$60.45. Hang Seng Bank (0011) went up 3.21 percent to HK$176.7.

Shares of property developers also climbed.

Sun Hung Kai Properties (0016) picked up 3.42 percent to HK$118. New World Development (0017) was up  by 3.34 percent to HK$10.52, Henderson Land Development (0012) 3.34 percent to HK$10.52. Index heavyweight Tencent (0700) inched up 0.71 percent to HK$342.60.