Property sector outperform the market on U.S. interest rate

Rate sensitive property sector outperformed the whole market, on the Federal Reserve's decision to cut interest rates Wednesday. At 10:28 a.m. Hong Kong time, the Hang Seng properties sub-index advanced 1.82 percent compared with a gain of 1.05 percent in the blue-chip index. Sun Hung Kai Properties (0016) added 3.1 percent to HK$51.25. Cheung Kong (Holdings) Ltd. (0001) rose 0.8 percent to HK$61.25. Henderson Land (0012) was up 2.3 percent to HK$26.15. New World Development (0017) gained 3.8 percent to HK$5.45.

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