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Singapore property, bank stocks ride on Hong Kong tailwind

China developers lead gains on speculation security legislation could lend some stability, attract funds back to Hong Kong.

Angela Tan

Angela Tan

Published Thu, Jul 2, 2020 · 09:50 PM
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SINGAPORE property and banking stocks with exposure to China, rallied alongside Hong Kong-listed mainland developers on Thursday.

China developers had led gains on speculation the security legislation could lend some stability and attract shoppers and funds back to Hong Kong.

"Property stocks with presence in China are very strong, just like China developers. The sentiment is (that) with more US-listed Chinese firms moving back to list in Hong Kong, fund interest will shift there too," a local broker …

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