- The stock price of China HGS Real Estate Inc. (NASDAQ: HGSH) increased by over 10% pre-market. This is why it happened.
The stock price of China HGS Real Estate Inc. (NASDAQ: HGSH) – a company that develops real estate properties in mainland China – increased by over 10% pre-market. There is no company-specific news from China HGS Real Estate so it appears that there are external factors at play.
One of the catalysts could be a sympathy play associated with Xinyuan Real Estate Co. Xinyuan Real Estate Co increased by over 25% pre-market after it announced the completion of 5 newly constructed properties, including Zhengzhou International New City III, Jinan Royal Spring Palace, Chengdu Xinyuan City, Zhengzhou Fancy City II, and Tianjin Spring Royal Palace.
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