Property stocks slumps at midday

Property stocks went down in the morning session. Cheung Kong (0001) closed at HK$89 at midday , down HK$3. Henderson Land Development(0012) and Sun Hung Kai Properties(0016) both fell by 5% to close at HK$43.5 and HK$79. Wheelock And(0020) and Sino Land(0083) dropped over 8% to close at HK$7.8 and HK$4.3. Wharf(0004) also slumped by 7% to close at HK$21.4.

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