HK stocks seen range bound, property under pressure

Newswire

HONG KONG, May 23 (Reuters) - Hong Kong stocks are expected to trade in a tight range on Monday with little fresh overseas news to spur the market, but property shares may face pressure after last week's interest rate hike dampened home sales at the weekend. "We will be very quiet, but property shares may drag down the market," said Ben Kwong," associate director at KGI Asia Ltd. The blue-chip Hang Seng Index closed up 0.13 percent at 13,717.42 on Friday. The index is trading slightly ...

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