HK stocks hit 4-month highs, property sector up

Newswire

(Updates to midday) HONG KONG, June 22 (Reuters) - Hong Kong blue-chip stocks rose to their highest level in nearly four months on Wednesday after a breach of the psychological 14,000 level spurred broad-based buying. Property stocks also helped push up the market after the Hong Kong government said it would make it easier for the city's developers to buy government land through auctions. "The announcement obviously indicated that the government would like to support the property price ...

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