Sun Hung Kai, Henderson Fall in U.S. After Property Curbs: Chartby
The latest attempt to cool Hong Kong’s sizzling property market is already having an effect, of sorts, in New York. The U.S.-listed shares of Henderson Land Development Co. lost 3.6 percent after the announcement of the new measures, which came after the Hong Kong market closed on Friday. Sun Hung Kai Properties Ltd. fell 2.2 percent, while Wharf Holdings Ltd. lost 0.9 percent. Shares of other large developers, Cheung Kong Property Holding Ltd. and China Overseas Land & Investment Ltd., did not trade Friday in New York.