Stocks of Chinese developers jump after Beijing signals support for property sector

Shares of Chinese developers jumped early Tuesday after China’s top leadership pledged more policy support and adjustments to property policy, hinting at easing measures targeted at the struggling property sector.

Property developers’ shares advanced in both the Hong Kong and mainland markets. The Hang Seng Mainland Properties Index rose 10%, outperforming the benchmark Hang Seng Index HK:HSI, which was up 2.8%.

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