Stock Market in Hong Kong
Hong Kong - Stock MarketThe economy likely remained on a weak footing in the last quarter after slowing in Q3. As in the previous period, the fourth quarter print was likely weighed by diminishing private spending growth and external demand, due both to ripple effects from the U.S.-China trade war and an ongoing cooling of the property market. Indeed, the average PMI reading over the quarter was slightly under Q3’s already feeble showing, caused primarily by weak mainland demand and trade concerns. These effects also translated into lower business confidence in the quarter. Meanwhile, after a decent print in October, retail sales were meek in November despite high inflows of Chinese tourists. Lastly, merchandise exports contracted unexpectedly in November for the first time since January 2017. Although the ceasefire negotiated between China and the U.S. in December should somewhat reduce trade-related blows in Q1, the truce still appears fragile and underlying tensions are likely to resurface quickly after it ends on 2 March.
Hong Kong - Stock Market Data
|Stock Market (annual variation in %)||2.9||1.3||-7.2||0.4||36.0|
5 years of economic forecasts for more than 30 economic indicators.
Hong Kong Facts
|Bond Yield||1.91||3.38 %||Jan 30|
|Exchange Rate||7.84||-0.11 %||Jan 30|
|Stock Market||27,643||-1.92 %||Jan 30|
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April 3, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, declined from 48.4 in February to 48.0 in March.
April 1, 2019
Retail sales by volume fell 11.4% in annual terms in February, markedly contrasting January’s 6.9% growth.
March 21, 2019
Inflation fell from 2.4% in January to 2.1% in February.
March 5, 2019
Retail sales by volume rose 6.9% in annual terms in January, rebounding from December’s near flat growth of 0.1%.
March 5, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, rose from 48.2 in January to 48.4.