Jul
26
Hong Kong Property Stocks Overheat as Outlook Improves: Chart
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As far as stock investors are concerned, talk of a plunge in Hong Kong property prices is overdone. An index of real estate companies listed in the city has surged 35 percent from a three-year low in January as traders scale back bets for higher U.S. borrowing costs and home prices rebound from a 13 percent slump. Such exuberance has lifted the relative strength index of property stocks to 80.2, far above the 70 level that signals to some traders shares are overbought…
Hong Kong Property Stocks Overheat as Outlook Improves: Chart
