51. How far to go in easing the limits on how many media properties one company can own is one of the big issues still on the negotiating table. 52. Hong Kong stocks fell, led by property companies, amid concern rising interest rates and a government move to dampen property speculation may curb earnings growth. 53. HONG KONG stocks were mixed as a gain in Hopewell Holdings Ltd. balanced declines by banks and property companies. 54. If real estate prices fall dramatically, that could hurt shares of property companies, which in turn could drive down the market. 55. If the property companies transfer some existing assets into REITs, their own balance sheets are likely to weaken further. 56. In the face of this defense, Hong Kong stocks, many of them property companies that are adversely affected by climbing interest rates, went into free fall. 57. Industry analysts say the free-pricing system will intensifycompetition among property insurance companies, and eventuallyforce out small, weak companies. 58. Interest-rate sensitive property companies accounted for two-thirds of the index decline. 59. Industry analysts say the free-pricing system will intensify competition among property insurance companies, and eventually force out small, weak companies. 60. Investors have cut holdings of property companies such as SM Prime amid worries that a real estate glut will ensue, money managers said. |
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