HK Stock Market Move | Hong Kong real estate stocks in general have declined. Hang Lung Properties (00101) and Wharf Real Estate Investment Company (01997) both fell by more than 3%.

Hong Kong property stocks generally declined. As of press time, HANG LUNG PPT (00101) fell by 3.62% to 9.05 Hong Kong dollars; WHARF REIC (01997) fell by 3.27% to 24.28 Hong Kong dollars; CK ASSET (01113) fell by 3.88% to 46.08 Hong Kong dollars; SINO LAND (00083) fell by 2.03% to 11.61 Hong Kong dollars. On the news front, Federal Reserve Chairman Powell's speech released a "hawkish" signal. He stated that with stubborn US inflation and increased uncertainty in the outlook, there will be no rate cuts if inflation does not progress. The latest dot plot released shows that the Fed's decision-makers expect one rate cut this year and another in 2027, but the specific timing is still unclear. Huatai recently pointed out that, influenced by the escalating situation in the Middle East, short-term expectations of loose liquidity in Hong Kong may be hindered, bringing some uncertainty to the property market's recovery. However, in the long term, the changes in the Middle East are expected to strengthen Hong Kong's attractiveness for global safe haven and diversified capital allocation. Especially given the Middle East's capital's relatively positive willingness to allocate in the Greater China region, it may bring incremental demand for Hong Kong's core commercial real estate and high-end residential properties.