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China's real estate recovery spurs rally in online portals

Leju surges 44% over the past month, SouFun rebounds 25% from this year's low in Feb

Published Mon, Mar 28, 2016 · 09:50 PM
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Beijing

REAL estate Web portals Leju Holdings Ltd and SouFun Holdings Ltd are standing out among US-traded Chinese stocks, rebounding as government stimulus and a recovering property market improve the outlook for growth.

Leju has surged 44 per cent over the past month in the best performance on the Bloomberg China-US Equity Index, which gained 4.6 per cent in the same period. SouFun has rebounded 25 per cent from this year's low in February.

Both were among the 10 worst performers on the gauge this year through early February, slumping at least 40 per cent while the benchmark slid 23 per cent.

The turn…

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