Hong Kong stocks log longest winning streak since February on China easing bets while liquidity concerns undermine developers

Source: yahoo.com yahoo.com

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Hong Kong stocks gained for the fifth day, as several reports on China’s economy failed to show a meaningful recovery this quarter, strengthening policy easing bets. The Hang Seng Index rose 0.3 per cent to 25,390.91 at the close of Monday trading, after losing as much as 0.6 per cent in the morning session. It is the index’s longest winning streak since February. The Hang Seng Tech Index added 0.6 per cent while China‘s Shanghai Composite Index lost 0.2 per cent. AIA Group and WuXi Biologics gained more than 2.3 per cent. Tencent Holdings rose 1.4 per cent while JD.com...