Hong Kong feels effect of US stimulus moves

Back at the beginning of last month, this column argued that Hong Kong property prices would continue to climb regardless of government efforts to increase the supply of affordable housing.

"If the US Federal Reserve does what many analysts expect next week and announces a new round of quantitative easing … it is likely that a fresh influx of liquidity into global asset markets will continue to push Hong Kong property prices higher," Monitor warned.

That comment attracted a fair amount of criticism from market analysts.

via Business feed http://www.scmp.com/business/article/1066662/hong-kong-feels-effect-us-stimulus-moves