HSI Climbs 105 Pts; CN Developers Hyped Up Higher

Hong Kong stocks opened higher in the morning. $Hang Seng Index (800000.HK)$ opened 105 pts or 0.6% higher at 18,131. $Hang Seng China Enterprises Index (800100.HK)$ opened 38 pts or 0.6% higher at 6,298. $Hang Seng TECH Index (800700.HK)$ opened 18 pts or 0.5% higher at 4,082.

Chinese property developers remained under speculation. $POWERLONG (01238.HK)$ and $SUNAC (01918.HK)$ shot up 9.5% and 8.5%. $COUNTRY GARDEN (02007.HK)$ and $KWG GROUP (01813.HK)$ mounted 7.5% and 7.4%. $SHIMAO GROUP (00813.HK)$ and $EVERGRANDE (03333.HK)$ surged 6.2%.