Hong Kong Moves Higher on Economic Data - InvestingChannel

Hong Kong Moves Higher on Economic Data

Asia-Pacific markets rose at the end of the week, with investors accessing a fresh round of data for more clues on the health of business activity through the region.

In Japan, markets were closed for holiday.

In Hong Kong, the Hang Seng Index popped 433.53 points, or 2.5%, to 17,664.12.

Hong Kong’s private sector activity contracted further in October as new business, including that from mainland China continues to fall, according to a survey by S&P Global.

Korea’s main market leaped, notching its third straight day of gains.

CHINA

In Shanghai, the CSI 300 recovered 29.95 points, or 0.8%, to 3,584.14.

China’s service sector expanded at a slightly faster pace in October, with the Caixin services purchasing managers index at 50.4, just above September’s reading of 50.2.

In other markets

In Taiwan, the Taiex gained 110.7 points, or 0.7%, to 16,507.65.

In Korea, the Kospi index climbed 25.22 points, or 1.1%, to 2,368.34.

In Singapore, the Straits Times Index gained 61.17 points, or 2%, to 3,143.66.

In New Zealand, the NZX 50 added 74.48 points, or 0.7%, to 11,118.92.

In Australia, the ASX 200 strengthened 78.47 points, or 1.1%, to 6,978.20.

Related posts

Advisors in Focus- January 6, 2021

Gavin Maguire

Advisors in Focus- February 15, 2021

Gavin Maguire

Advisors in Focus- February 22, 2021

Gavin Maguire

Advisors in Focus- February 28, 2021

Gavin Maguire

Advisors in Focus- March 18, 2021

Gavin Maguire

Advisors in Focus- March 21, 2021

Gavin Maguire