New World Development ( NDVLY )
a major property owner and developer in Hong Kong, rose 4.3%. It was the best gain on the benchmark index. Rivals Sun Hung Kai Properties ( SUHJF )
and CK Asset Holdings ( CHKGF )
climbed 2.5% and 1
.8 and%, respectively.
Lamb delivered his third policy address on Wednesday, which focused on measures that tried to cope with the city's rising property prices and lack of affordable housing. They include loosening the ceiling on how many first-time buyers can buy loans from banks.
The policy address came when ongoing protests hit the city's economy and financial markets. Lamb's speech was repeatedly interrupted by lawmakers who had democracy, who fucked her over her response to the protests.
Hong Kong banks also rose widely. HSBC Holdings ( HSBCPRA ) received 1.3%. Hang Seng Bank ( HSNGY ) advanced 2%.
Shares of Huawei suppliers merged in Hong Kong after Chinese tech and telecom giant reported strong third-quarter results.
Aac Technologies ( AACAF ) and Sunny Optical Technology ( SNPTF ) rose 1.9% and 1, respectively. , 2%.
Huawei suppliers in Shenzhen also pulled higher. Integrated printed circuit board manufacturer Hengbao Co. rose 8.1% in Shenzhen. Link manufacturer Luxshare Precision Industry also jumped 6%. GoerTek Inc., a supplier of acoustic components, rose 3.7%.