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Yuexiu leads rally in property developers on China stimulus, easier home purchase rules



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** Shares of Yuexiu Property 0123.HK surge 17.9% to HK$7.50, their highest since Nov. 29, leading gains among HK-listed Chinese property developers

** Stock eyes fourth straight session of gains; third biggest pct gainer in Hang Seng Mainland Properties Index .HSMPI, which is up 11.1%

** Beijing relaxed restrictions on home buying on Monday, following similar moves by Shanghai and Shenzhen, in a bid to boost demand and prop up struggling property market

** Property stocks extend their rally as investors cheer easier home purchase rules and Beijing's latest stimulus

** Shares of Longfor 0960.HK jump 17%, China Resources Land 1109.HK surges 11.3%, China Overseas Land 0688.HK rises 9.8%, China Overseas Property 2669.HK gains 9.4%

** Henderson Land 0012.HK jumps 9.1%, CK Asset 1113.HK surges 5.4%, SHKP 0016.HK rises 4.5%, Wharf Holdings 0004.HK gains 1.1% and New World Development 0017.HK adds 0.5%

** Hang Seng Property Index .HSNP jumps 6.5% and Hang Seng Index .HSI rises 5.3%




Reporting by Donny Kwok

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