Real Estate

Hong Kong property stocks surge as China takes action to revive property sector


Residential buildings stand at the Metro Town development, jointly developed by CK Asset Property Holdings Ltd., Nan Fung International Holding Ltd. and MTR Corp., in Hong Kong, China, on Thursday, Jan. 11, 2018.

Anthony Kwan | Bloomberg | Getty Images

Hong Kong-listed property stocks surged on Monday, leading gains on the Hang Seng Index and powering the benchmark to be the top gainer in Asia.

Shares of real estate companies like Evergrande, Logan Group and Longfor Group spiked over 9% on Monday, with Country Garden Holdings leading gains at 16.85% up. The Hang Seng Mainland Property Index was up 8.16%.

Over the weekend, Country Garden won approval from its creditors to extend payments for…


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