China News Service, Hong Kong, April 5 (Reporter Dai Xiaolu) The latest report released by S&P Global on the 5th showed that the S&P Global Hong Kong SAR PMI in March rose to 50.9, higher than February's 49.7, is the first time this year to return to the expansion level, reflecting the improvement of Hong Kong's business environment.
S&P Global pointed out that new orders increased for the first time this year. Although the magnitude was modest, it was the second increase in nine months, reflecting an improvement in financial conditions. At the same time, supported by the growth of new orders, Hong Kong's private enterprises have created more positions, and the employment rate in March reached the highest level in nearly a year.
On that day, Hong Kong stocks basically closed flat. As of the close, the Hang Seng Index closed at 16,723.92 points, down 1.18 points, or 0.01%, with a full-day turnover of HK$73.615 billion; the Hang Seng Technology Index fell 9.98 points, or 0.29%, to 3,450.89 points; the State-owned Enterprises Index fell 11.42 points, or 0.01%. 0.19%, closing at 5863.57 points.
Biao Li Xiaochong, the investment manager of Fosun Hengli Asset Management, a subsidiary of Fosun Wealth, said in an interview with a reporter from China News Service that the Hang Seng Index performed relatively weak that week. In addition, the performance period has just passed, and with the holiday effect, the lack of major corrections in the stock market can be regarded as short-term. A more positive signal.
Looking forward to the market outlook, Li Xiaochong said that Hong Kong stocks are expected to continue their rebound in the second quarter, which is believed to be mainly affected by two factors. One is the change in the Federal Reserve's interest rate cut expectations, and the other is the support from relevant mainland economic policies that may appear one after another. He suggested that investors pay close attention to market changes. These two factors may further promote the rise of Hong Kong stocks. (over)