BUZZ-Yuexiu leads rally in property developers on China stimulus, easier home purchase rules

Reuters10-02

** Shares of Yuexiu Property surge 17.9% to HK$7.50, their highest since Nov. 29, leading gains among HK-listed Chinese property developers

** Stock eyes fourth straight session of gains; third biggest pct gainer in Hang Seng Mainland Properties Index

, which is up 11.1%

** Beijing relaxed restrictions on home buying on Monday, following similar moves by Shanghai and Shenzhen, in a bid to boost demand and prop up struggling property market

** Property stocks extend their rally as investors cheer easier home purchase rules and Beijing's latest stimulus

** Shares of Longfor jump 17%, China Resources Land surges 11.3%, China Overseas Land rises 9.8%, China Overseas Property gains 9.4%

** Henderson Land jumps 9.1%, CK Asset surges 5.4%, SHKP rises 4.5%, Wharf Holdings gains 1.1% and New World Development adds 0.5%

** Hang Seng Property Index jumps 6.5% and Hang Seng Index rises 5.3%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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