JPMorgan Says China Property Tipping Point Will Drive Up Stocks

China’s beaten-down property market is likely at a turning point that will help the nation’s stocks outperform their emerging-market peers, according to JPMorgan Chase & Co.

A recovery in Hong Kong’s real estate market is spilling over to major mainland cities, while a delayed wealth effect from the rebound in Chinese shares is helping to revive housing demand, said Rajiv Batra, a strategist at the company in Singapore.