HSBC says property stocks slow as growth rises 3.03%

The Hang Seng index rose 3.03%, reported 17538.69, half a day, 50.808 billion Hong Kong dollars, the volume can be significantly enlarged (yesterday, a total of 66.381 billion Hong Kong dollars); property stocks in Hong Kong climbed, but the HSI property category rose by only 2.51% to run away, and Nomura said the rally in property stocks could slow.　　Nomura says the tug of war between the market's ample capital and weak macroeconomic data has intensified; The recent announcement of Hong Kong's first-quarter GDP fell 7.8% from a year earlier, giving investors the reality that the economy and employment prospects still face challenges.　　The bank also expects the recent strong rise in home prices to slow down until the end of the fourth quarter, when rents will rise again. Shares, the company continues to be bullish on Sun Hung Kai Property (00016-HK), which has a very good balance between retail and general residential operations. The unit rose 2.29% in early trading and reported HK $84.80.