HK Stock Market Move | Hong Kong property stocks weaken; HANG LUNG PPT (00101) falls over 3%, SHK PPT (00016) drops more than 2%.

Hong Kong property stocks are under pressure. As of press time, HANG LUNG PPT (00101) fell 3.13% to HK$6.35; SHK PPT (00016) dropped 2.1% to HK$107.4; SWIREPROPERTIES (01972) declined 1.7% to HK$24.28. On the news front, the market is focused on the U.S. CPI data due tonight, with two Federal Reserve officials making hawkish remarks. Boston Fed President Collins said that day that she favors raising interest rates again this year to combat inflation. Richmond Fed President Tom Barkin said that for now, shocks are still ongoing and it is prudent to take measures to address inflation. Huatai pointed out that Hong Kong's residential transaction volume, prices, and rents all saw adjustments in September. Against the backdrop of repeated shifts in Fed rate hike expectations and the difficulty of a turnaround in Hong Kong stocks, short-term adjustments may persist, but it remains confident in the recovery cycle over the next 2-3 years. In addition, Hong Kong's 2026 Policy Address and five-year plan did not involve short-term property measures, in line with market expectations.