Market Insight | Hong Kong Property Stocks Rise in Early Trading, Hong Kong Property Market is Recovering in the First Half of the Year, Probability of Fed Rate Cut in September Rises to a High Level

Hong Kong property stocks rose in early trading, with the Hong Kong property market rebounding in the first half of the year and the probability of a Fed rate cut in September rising to a high level. In the first half of this year, the transaction volume of first-hand residential properties in Hong Kong increased by nearly 40%, and a research report by Fuli stated that the Hong Kong property market is recovering, which is favorable for developers. The US CPI data fell short of expectations, leading to a high probability of a rate cut in September. It is expected that the US may cut interest rates in the second half of the year, with the transaction volume of first-hand residential properties expected to increase by nearly 5% for the whole year. Stocks of companies like Swire Properties and New World Development in the property sector have seen significant gains, with a preference for developers' stocks over rental stocks