Asia shares take comfort in China property rally

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Reuters UK

By Wayne Cole SYDNEY (Reuters) – Asian shares edged higher on Tuesday as Beijing’s latest move to support developers boosted the property sector, though it was still not clear what new damage public unrest over China’s zero-COVID policy might do to the economy. Shares of Chinese property companies surged after the country’s securities regulator lifted a ban on equity refinancing for listed property firms. That helped Chinese blue chips bounce 1.1%, while MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.7%. Japan’s Nikkei lagged with a drop of 0.4%, while South Korea firmed 0….

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