Hong Kong tycoons and casino behemoths benefit from the stock market’s recovery.

hongkong

On Tuesday, shares of Macau casinos and Hong Kong developers rose as investors considered whether recent sharp sell-offs had factored in regulatory risks.

Following a rout, last week that wiped out nearly $20 billion in market value from the gaming enclave’s biggest operators, Bloomberg’s casino stock index rose 3.6 percent.

Meanwhile, the Hang Seng Property Index rose 3% on Monday, following a $6.7 billion loss among Hong Kong’s four largest property companies.

Even as analysts say that any sustained recovery remains uncertain amid Beijing’s campaign to tighten oversight of private enterprise, there are rays of hope for the two battered sectors.

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Nassima Azmzm

Nassima Azmzm

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