Published on 08/25/2025 at 04:54 am EDT
(MT Newswires) -- Hong Kong stocks rose Monday after US Federal Reserve Chair Jerome Powell signaled the possibility of a rate cut next month and Shanghai eased home-purchase restrictions.
The Hang Seng Index jumped 490.77 points, or 1.9%, to 25,829.91, while the Hang Seng China Enterprises Index rose 168.07 points, or 1.9%, to 9,248.00.
Powell said at the Jackson Hole symposium on Friday that a rate cut could be on the table at the Fed's September meeting.
Meanwhile, Shanghai relaxed property curbs to support its real estate market.
Under the new rules, eligible residents, including those from outside Shanghai, can now buy unlimited homes in Shanghai's outer suburbs, while non-residents with three years of pension contributions are allowed to purchase new homes in urban areas.
Separately, the crisis-hit property developer China Evergrande Group was delisted from the Hong Kong exchange on Monday, ending a 16-year run for what was once China's top-selling developer.
In corporate news, Longfor Group closed over 5% higher after Shanghai's easing of home-purchase curbs boosted sentiment across the property sector.
China Vanke advanced nearly 10% to close at HK$5.68, riding the same momentum.

Sumber : MT Newswires