The Hang Seng added 48 points or 0.2% on Monday, ending around 24,907 after a brief dip in morning trade, lifted by optimism over fresh property market support in the mainland. Beijing city announced last Friday it would remove limits on the number of homes residents can buy in suburban areas, ending the two-unit-per-household cap and sparking gains in property stocks such as Longfor Group (1.9%), China Resources Land (1.5%), and Sunac China (1.4%).
Sentiment was also supported by July CPI data in China, where consumer prices beat forecasts following government subsidies for consumer goods. Meanwhile, Beijing is reportedly urging Washington to ease export restrictions on high-bandwidth memory chips—critical for AI development—as part of ongoing talks ahead of a possible Trump–Xi summit.
The discussions come amid hopes that the current trade truce with the U.S. will be extended. Other notable gainers included BYD Electronics (6.2%), Techtronic Industries (4.2%), and Geely Auto (2.4%).
Source: Trading Economcis
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