HSI ends up 211 points at 24,640; turnover at HK$88.7bn

    HK stocks closed sharply higher on Tuesday, led by the property developers. The benchmark index has thus risen for six consecutive trading days.
  The Hang Seng Index ended up 211 points to 24,640. The H-share index also jumped 49 points to 11,122. Turnover reduced slightly to HK$88.7bn from HK$85.5n on Monday.
  HKEx (00388) was the most active stocks, with turnover amounting to HK$3.59bn. It ended up 3.5% to HK$174.9 after BofAML raised its target price to HK$185.
  Morgan Stanley issued a research report on property, elaborating its bullish view. The counter jumped across the board. Cheung Kong (00001) added 2.9% to HK$147.1. SHKP (00016) shot up 4.4% to HK$112.3. Henderson Land (00012) put on 2.8% to HK$48. Sino Land (00083) rose 2.8% to HK$13.4.
  Tencent (00700) also hit all-time high of HK$130.9 before closing the day at HK$130.4, up 1.2%.
  Hangzhou announced partial relaxation of its home purchase restriction. China developers became buying targets again. COLI (00688) ascended 2% to HK$23.15. Country Garden (02007) rose 2.9% to HK$3.91. CR Land (01109) added 1% to HK$17.38.
  Elsewhere, telcos were higher with China Unicom (00762) gaining 2.7% to HK$13.62. China Telecom (00728) gained 1.9% to HK$4.34. China Mobile (00941) edged up 0.7% to HK$85.45.