Real estate in focus in trading

This as Chief Executive Donald Tsang is expected to announce measures to promote affordable housing and boost land supply.

A Reuters report said, “Hong Kong shares were set to open flat to lower on Wednesday as investors' focus shifts from banking shares to the local real estate market ahead of a policy address which is expected to detail steps to dampen property prices.”

The measures, according to the report, could weigh on property developers and put pressure on the benchmark as banking shares stabilise.

“The Hang Seng index closed up 2.4 percent at 18,141.6 on Tuesday and is up about 2,000 points over the past week. The China Enterprises index rose 4.4 percent,” said the report.

View the report here.