Property stocks sent higher by easing news

Government assistance: A man rides a bicycle next to a construction site in Beijing. China’s central bank is considering easing rules to help struggling developers sell assets to avoid defaults. — Reuters

BEIJING: Chinese developers booked their best two-day gain in 19 months, buoyed by optimism Beijing may ease some property curbs while embattled China Evergrande Group paid overdue interests on some dollar bonds.

A Bloomberg gauge of the nation’s developer shares jumped as much as 5%, extending a two-day advance to 11%, the most since March last year.