(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, in particular, luxury property prices are on a
rising trend,'' said Mona Chung, who helps manage more than $1.2
billion at Daiwa Asset Management Ltd. in Hong Kong.
Read more at Bloomberg Stocks News
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, in particular, luxury property prices are on a
rising trend,'' said Mona Chung, who helps manage more than $1.2
billion at Daiwa Asset Management Ltd. in Hong Kong.
Read more at Bloomberg Stocks News
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