Hong Kong stocks track mainland lower on policy tightening fears ahead of GDP data Reuters 4 hrs ago
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April 15 (Reuters) - Hong Kong stocks slipped on Thursday, largely in line with losses on the mainland, as recent upbeat economic data raised worries over policy tightening. At the close of trade, the Hang Seng index was down 107.69 points or 0.37% at 28,793.14. The Hang Seng China Enterprises index fell 0.85% to 10,905.89. The energy sub-index rose 0.5%, while the IT sector dipped 1.07%. The financial sector ended 0.45% lower, while the property sector rose 0.42%. The top gainer on the Hang Seng was CK Asset Holdings Ltd , which gained 2.23%, while the biggest loser was Galaxy Entertainment Group Ltd, which fell 2.43%.
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Luxury property market has set another record, as its recovery from the pandemic gathers steam.
By Shawna Kwan, Bloomberg
3 Mar 2021 08:23
Image: Paul Yeung/Bloomberg
Hong Kongâs luxury property market has set another record, as its recovery from the pandemic gathers steam.
Wharf Holdings Ltd. has rented out a luxury house in its 11 Plantation Road project on the Peak for HK$1.35 million ($174,000) a month, it said in a statement late Tuesday. That translates into more than $2 million a year for the unidentified tenant.
The rent is the highest for a home in Hong Kong, according to Louis Ho, principal sales director at Centaline Property Agency Ltd. âSome of these tycoons may not have found their dream house so they tend to rent for a while before an opportunity to buy arises,â said Ho.