Hong Kong property shares rally as Morgan Stanley feeds optimism
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Hong Kong property shares surged, leading market gains alongside technology stocks, following Morgan Stanley's upgraded forecast for home prices. A builders' gauge rose by 2.7%, with Henderson Land Development climbing 6% after being upgraded to overweight. Morgan Stanley increased its home price growth estimate for this year to 12% and expects a further 5% in 2027, citing strong demand and declining inventory. The bank also expressed optimism for the office and retail sectors, noting a better-than-expected recovery in fundamentals.
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