SHANGHAI: China stocks rose to fresh seven-year highs on Tuesday, led by property and banking stocks, after Beijing eased mortgage lending policies to bolster the struggling real estate market and reduce its drag on the cooling economy.
The CSI300 index rose 0.9 percent, while the Shanghai Composite Index gained 0.3 percent.
The CSI300 Real Estate Index, advanced 0.8 percent, after surging 7 percent on Monday, its biggest daily rise this year.
Hong Kong’s benchmark Hang Seng index rose 0.4 percent on China’s latest easing move, touching one-year-highs, with Hong Kong-listed Chinese companies rising sharply on signs of fresh money inflows from mainland.
