Monexnews-stock Index of Hong Kong-Hang Seng (HSI) back in Thursday trading rectified (14/3) along with the shares of real estate and property sector experienced a weakening after HSBC Holdings and Standard Chartered Plc raised their mortgage rates (mortgage rates) in Hong Kong.
Those policies had to be taken after the banking regulator tightened rules for risk due to worries over a spike in property sector that can disrupt financial stability.
Stock-listed New World Development Co. fell 6.1 percent, Sun Hung Kai Properties Ltd. plummeted. 4%, China Overseas Land Investment Ltd. & declined 3%, Cheung Kong Holdings Ltd. slumped 3.6 percent, and Sino Land co. also weakened to 3.1%.
The Hang Seng index weakened to-own tracked 0.77% or 171.84 points in the area – the range of 22384.81, while the Hang Seng index futures recorded a slump of up to-125 points in 22324.(dar)
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