Shares of most Hong Kong-listed Chinese property stocks surged to their highest levels in over a year, as China's stimulus rally continues.
The real estate sector was the biggest gainer in the Hang Seng Index , with Longfor Group Holdings being the top mover, adding over 25%.
Shares of other real estate developers also saw significant gains. Defaulted developer Shimao Group skyrocketed over 97% while Kaisa Group jumped 45.48%, both notching their highest prices in more than a year.
Similarly, China Overseas Land & Investment climbed 14.33% to hit its highest since last September. China Vanke rose 45.5%.
Hang Lung Properties and China Resources Land gained 12.65% and 7.68% respectively.
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