HONG KONG: Hong Kong stocks rose marginally on Tuesday, driven by a jump in property stocks, while China shares were mixed amid tightened regulatory scrutiny over listed company disclosures.
Property stocks listed in A-shares and Hong Kong advanced 2.3 per cent respectively each after Citi analysts said they expect the sector to "re-rate."
Recent policy measures reflect a "clearer top-level determination to stabilize the property industry with all-round policy turnaround and to accelerate the sector soft-landing," the analysts, led by Griffin Chan, said in a note.
Property giant China Vanke's Hong Kong shares surged 6.5 per cent as its May home sales showed signs of improvement.
Meanwhile in mainland A-shares, education firms led declines, while Shenzhen Liantronics and Xingyuan Environment Technology slumped after receiving inquiry by stock exchanges on annual result details as the regulatory move raises concerns over delisting risks.