Chinese Property Stocks Jump on Expectation of More Stimulus

Chinese developers’ shares rallied on Monday, with China Vanke Co. hitting a six-month high, on expectations authorities will unveil more measures to support the nation’s slumping property market.

A gauge of property shares rose as much as 3%, the biggest move over a month, led by developers including China Vanke, Sunac China Holdings Ltd. and Longfor Group Holdings Ltd. China Vanke shares in Hong Kong surged as much as 16%, while Sunac China soared as much as 13%.