Around the World's Markets: Hong Kong

HONG KONG shares staged a late comeback to recoup early afternoon losses, finishing at 10,046.15, a slight fall on the day.

Property shares pulled the market out of its stupor, as the government announced it would allow mortgage loans of up to 85 per cent of a property's value, attracting lower income buyers to the market.

Sun Hung Kai, Hong Kong's largest property company, rose 3.2 per cent to HK$56.20. The main loser was HSBC Holdings, which fell 1.3 per cent.