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Link Real Estate Investment Trust (LKREF)

Other OTC - Other OTC Delayed price. Currency in USD
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6.390.00 (0.00%)
At close: 09:57AM EDT
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  • Reuters

    Investors see Hong Kong property stocks, funds as reopening trades

    As global investors look for ways to profit from China's reopening from pandemic controls, the beaten-down shares of Hong Kong's property firms and real estate funds have become popular vehicles for riding an expected economic recovery. While China's dropping of its stringent zero-COVID policy late in 2022 has lifted travel and tourism stocks across Asia, investors say Hong Kong's property sector has special appeal as the mainland and local economies improve, tourists return to the city and, sometime this year, U.S. interest rates peak. Investors see value in property companies regardless of whether their assets are in mainland China or Hong Kong, which reopened at about the same time.