HONG KONG (Nov 7): Hong Kong stocks traded near a three-month low as developers plunged after the government boosted measures to curb surging home prices. The Hang Seng Index added 0.3 percent as of 9:42 a.m. local time. "Hillary’s improving prospects will provide a short-term boost to Hong Kong stocks," said Hao Hong, chief strategist at Bocom International Holdings Co. in Hong Kong. New World Development Co. tumbled 7 percent, while Cheung Kong Property Holdings Ltd. slid 5.7 percent, the most since Jan. 20. Hong Kong is the world’s costliest home market, according to Demographia.

Source: The Edge Markets November 07, 2016 02:27 UTC