1. For that reason, land auctions are among the most closely followed business events in Hong Kong. 2. HONG KONG stocks rose for a second day as record bids at a government land auction fueled confidence in the local property market. 3. In Singapore, a government land auction was given a cold shoulder and drew disappointing bids. 4. Lower-than-expected bids at a government land auction on Wednesday prompted the sell-off. 5. Properties also rose, ahead of a government land auction on Wednesday. 6. Singapore stocks fell, led by property shares on concern real estate prices will fall further after a public housing land auction attracted lower-than-expected bids. 7. The first public land auction since March, to be held this Wednesday, is expected to reflect that. 8. After trading in negative territory all day, the key indicator made an abrupt turnaround with news of the land auction. 9. After trading in negative territory all day, the key indicator made an abrupt turnaround as news of the land auction trickled into the market. 10. Asian stock markets closed mixed Wednesday, with share prices in Hong Kong plunging on news of a disappointing government land auction. |