Hong Kong property stocks drop KGI Securities think more than fundamentals

Property stocks in Hong Kong quickly fell back, the Hang Seng Property Classification index fell 1.27%, ran to lose the index, the index fell 1.12%;　　Bin of KGI Securities argues that property stocks are moving more than fundamentals, as expected interest rates rise, although not an immediate threat, but add to the pressure of correction.　　In addition, the massive short-selling of property stocks in Monday may also indicate that there is more room for such stocks to fall in the near future, especially given the recent sharp rise in share prices, which may reflect the recent strong sales in the real estate market. Shares: the letter and home purchase (0083-HK) fell 4.11% to HK $13.06, and Sun Hung Kai Property (00016-HK) fell 2.2% to 93.30 Hong Kong dollar, and New World Development (00017-HK) fell 4.96% to HK $14.56; Changjiang Industrial (00001-HK) Slightly down 0.33%, a report of HK $91.60.