Hong Kong Stock Market Surges as Tencent Gains, LI AUTO-W Declines on Nostr: Chinese Developers' Shares Fall Despite Support Measures =============== #133aea61 ...

Chinese Developers' Shares Fall Despite Support Measures
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#133aea61 ver:1.04

Despite support measures, Chinese developers' shares fell in Hong Kong as the market slipped from a nine-month high. Alibaba and Tencent led Chinese tech companies higher, while ESR Group saw a surge in shares after a non-binding proposal to go private. However, Macau casino operators, EV maker Li Auto, and Hong Kong developers faced declines. In the broader market, the Shanghai Composite Index lost 0.1%, while the Shenzhen Composite Index added 0.4%. Chinese stocks rose on Thursday, led by property and financial shares, as sentiment improved after cities lifted home purchasing restrictions. The market rebounded on Friday, driven by Alibaba's strong performance, but faced declines due to the China-US trade war....

#newstr #HongKongStockMarket #Alibaba #Tencent #EsrGroup #ChineseStocks #PropertyShareSentiment #ChinaPropertyMarket #HousingDelivery #PressConference #ChineseDevelopers'SharesFallingDespiteSupportMeasures

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