By Bingyan WangShares of Chinese property developers rose sharply Monday, as more major Chinese cities said over the weekend that they would ease mortgage policies in a bid to shore up the real-estate sector. Country Garden shares were last up 9.0% at 0.97 Hong Kong dollars (12 U.S. cents). "With the lack of an eventual resolution [for Country Garden]," headwinds linger for the Chinese property sector, IG Asia analysts said in a note. Write to Bingyan Wang at bingyan.wang@wsj.com-This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires09-04-23 0303ETCopyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal September 04, 2023 07:09 UTC