On October 2, HENDERSON LAND fell 3.07% in regular trading, trading at HK$25.94 per share, with turnover of HK$121 million. The decline came as the U.S. Federal Reserve's hawkish rate hike officially landed, sparking broad-based selling pressure across Hong Kong real estate stocks amid concerns that a higher interest rate environment would compress property sector valuations.

Within the Real Estate Development sector, major peers declined in tandem: Sunac down 3.82%, Longfor Group down 3.78%, China Resources Land down 3.66%, China Overseas down 1.90%, and CK Asset down 1.75%, reflecting sector-wide weakness. Bank of America Securities had previously downgraded HENDERSON LAND's rating to Neutral and trimmed its target price to HK$31, signaling institutional caution over valuation expansion potential amid rising rates.

On the fundamental side, HENDERSON LAND reported solid first-half results, with underlying profit surging 66% year-over-year to HK$5.071 billion, driven by strong Hong Kong property sales and land resumption gains. Hong Kong contract sales nearly tripled to approximately HK$18.1 billion. However, near-term rate hike expectations are likely to continue suppressing sector sentiment despite resilient earnings.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)